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India Ratings & Research assigns rating to bank facilities of JK Tyre & Industries

29 Jul 2015 Evaluate

Credit rating agency, India Ratings & Research, a Fitch Group company, has assigned improved Long Term Debt Rating for JK Tyre & Industries from ‘A+’ to ‘AA-‘. The outlook is stable.

JK Tyre & Industries is the flagship company under the umbrella of JK Organization. JK Tyre is the pioneer for Steel Radial technology in India. Over the years, the company has expanded and diversified its business portfolio. It has developed into a multi product, multi-location corporate entity.


Peers
Company Name CMP
MRF 124380.25
Apollo Tyres 412.40
JK Tyres & Inds. 348.60
Ceat 3432.80
Balkrishna Inds. 2171.20
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