Credit rating agency, CRISIL has revised its rating on the long term borrowings of Automotive Stampings and Assemblies to ‘A-/Stable’ and on short-term borrowings to ‘A2+’.
Automotive Stampings and Assemblies is into the production of a wide range of sheet metal components for the automotive industry. Its product mix catering to cater to passenger and commercial vehicles can be broadly classified into three categories, Structural Panels and Skin Panels for the vehicle body (BIW), Modules and Aggregates including Chassis sub-assemblies (Under body) and Oil Sumps and Fuel tanks.
