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ICRA upgrades rating assigned to bank facilities of Wheels India

12 Mar 2015 Evaluate

Credit Rating Agency ICRA, has upgraded the long term rating on funded facilities of Wheels India to ‘A+’ with stable outlook  from ‘A’ with stable outlook.

Wheels India has grown as a leading manufacturer of steel wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment in India.

Peers
Company Name CMP
SamvardhanaMotherson 157.65
Tube Investments 2152.70
Bosch 48032.45
UNO Minda 1103.50
Bombay Burmah Trdg. 1218.50
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