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CARE upgrades ratings assigned to bank facilities of Modison Metals

14 Apr 2015 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has upgraded the ratings assigned to bank facilities of Modison Metals. The credit rating agency has upgraded the rating from ‘A-‘ to ‘A’ for long term bank facilities and for short term bank facilities from ‘A2 +’ to ‘A1’.

The up-gradation in credit rating is attributed to improvement in operational efficiency during recessionary trend for the company’s type of industry.

Modison Metals is an established manufacturer of electrical contacts made of silver and silver alloys for low, medium and high voltage switchgear industry.


Peers
Company Name CMP
Waaree Energies 2342.90
Apar Industries 17648.65
Havells India 1040.60
Suzlon Energy 38.96
Siemens 3790.00
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