Credit rating agency, Credit Analysis & Research (CARE) has upgraded the ratings assigned to bank facilities of JK Tyre & Industries. The credit rating agency has improved Short Term Debt Rating for the company from ‘A1’ to ‘A1+’. This is the highest rating for the Short Term Debt. The Long Term Debt Rating for the company has also been upgraded from ‘A’ to ‘A+’.
JK Tyre & Industries is the flagship company under the umbrella of JK Organization. JK Tyre is the pioneer for Steel Radial technology in India. Over the years, the company has expanded and diversified its business portfolio. It has developed into a multi product, multi-location corporate entity.
