Credit rating agency, ICRA has upgraded rating of Ramkrishna Forgings’ long term bank facilities to ‘A-’ from ‘BBB+’. The rating agency has also upgraded rating of the company’s short term bank facilities to ‘A2+’ from ‘A2’. Further, the outlook for the long term rating is Stable.
Ramkrishna Forgings undertakes turnkey development of forgings and stampings from raw samples. It also designs and develops special dies for customers. The company exports its products to Germany, USA, Mexico, Brazil, Bangladesh, Sri Lanka and Japan.
