Credit rating agency, ICRA has revised the ratings assigned to bank facilities of Minda Industries. The credit rating agency has upgraded the rating assigned to long-term facilities from ‘A-‘ to ‘A’.
Besides, it has also upgraded the rating assigned to short-term facilities from ‘A2+‘ to ‘A1’. The outlook rating on long-term rating is stable.
Minda is the third-largest company in the local auto-lighting business, with 18 per cent market share.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 124.80 |
| Tube Investments | 2884.90 |
| Bosch | 38113.50 |
| UNO Minda | 1150.15 |
| CIE Automotive India | 494.10 |
| View more.. | |
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