Credit rating agency, ICRA has upgraded rating of Pricol’s long term bank facilities to ‘A-’ from ‘BBB+’. The rating agency has also upgraded rating of the company’s long term/ short term unallocated facilities to ‘A- (Stable)’ from ‘A2+’.
Meanwhile, the rating agency has reaffirmed ‘A2+’ rating to the company’s short term non-fund/ fund based facilities.
Pricol is engaged in the manufacture and export of a complete range of automotive components starting from instrument clusters, dashboard meters, fuel sensors, oil pressure switches, speedometer drive cables, fuel cut off valve, filter suction, etc.
