MoneyWorks4Me

CARE upgrades ratings for bank facilities of Jyoti

03 Jul 2014 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has upgraded the credit rating for fund and non-fund based bank facilities availed by Jyoti from ‘D’ (default / likely default) to ‘C’ and for short term facilities from ‘D’ to ‘A4’. The rating ‘C’ means that instruments with this rating carry high risk.

Jyoti is a leading ISO 9001: 2008 engineering company offering reliable quality products and services. The Jyoti Group of Companies is a conglomeration of industrial units involved in manufacturing and marketing a wide range of electrical and hydraulic engineering equipment used extensively in the vital sectors of national and international economy.

Peers
Company Name CMP
Kirloskar Brothers 1768.80
Elgi Equipments 593.50
Shakti Pumps (India) 462.55
KSB 776.85
WPIL 441.55
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