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ICRA upgrades rating assigned to Bharat Forge

29 May 2014 Evaluate

Credit rating agency, ICRA has upgraded the rating of Bharat Forge’s Non-convertible Debentures (NCDs) of Rs 176 crore, Rs 250 crore and Rs 350 crore from ‘AA-‘ to ‘AA’. The outlook on the long term rating is stable.

Bharat Forge engages in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.

Peers
Company Name CMP
Bharat Forge 1928.90
Ramkrishna Forgings 714.30
MM Forgings 627.05
Happy Forgings 2152.25
Balu Forge Inds. 527.90
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