Credit rating agency, CARE has reaffirmed ‘D’ rating to Moser Baer’s long-term bank facilities worth Rs 2026.03 crore. The rating agency has also reaffirmed ‘D’ rating to the company’s short-term bank facilities worth Rs 355 crore. The ratings of the bank facilities of Moser Baer India (MBIL) continue to factor in delays in debt servicing by the company due to its weak liquidity.
Moser Baer India headquartered in New Delhi, is a leading global tech-manufacturing company. The company also emerged as the first to market the next-generation of storage formats like Blu-Ray discs in India.
