Credit rating agency, ICRA has upgraded long-term rating and reaffirmed short term for Ashok Leyland’s various debt programmes. The credit rating agency has assigned 'AA-‘ rating from A+ for the company's long-term debt programmes and has reaffirmed A1+ rating for the short-term debt facilities and commercial paper.
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.
