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CRISIL reaffirms ratings assigned to bank facilities of Praj Industries

10 Jul 2014 Evaluate

Credit rating agency, CRISIL has reaffirmed its rating assigned to bank facilities of Praj Industries. The credit rating agency has reaffirmed the Cash Credit and Proposed Long Term Bank Loan Facility rating of the company as ‘AA’ with stable outlook. It has also reaffirmed the Letter of Credit & Bank Guarantee of the company as ‘A1+’.

Praj Industries is a Process Engineering and Technology Company offering innovative end-to-end solutions for biofuels, brewery, industrial processes and water and wastewater treatment systems.

Peers
Company Name CMP
Bharat Heavy Elect. 426.25
Thermax 3475.00
Kirloskar Industries 3682.35
Skipper 561.50
INDO-MIM 1231.70
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