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CARE revises ratings of Ashok Leyland’s bank facilities

23 Apr 2015 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has revised rating of Ashok Leyland’s long-term bank facilities to ‘AA-’ from ‘A+’. The rating agency has reaffirmed ‘A1+’ rating to the company’s short-term bank facilities and Commercial Paper program.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

 

Peers
Company Name CMP
Tata Motors 428.60
Ashok Leyland 149.85
Force Motors 16980.00
Olectra Greentech 1088.80
SML Mahindra 6085.00
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