Credit rating agency, CARE has reaffirmed ‘BBB+’ rating to Transformers & Rectifiers’ long term bank facilities worth Rs 25.39 crore and ‘A3+’ rating to company’s Short term Bank Facilities worth Rs 131 crore. The rating agency has also reaffirmed ‘BBB+/A3+’ rating to the company’s Long-term/Short-term bank facilities worth Rs 2.25 crore.
The ratings continue to take into account Transformers and Rectifiers’ (TRIL) established track record of operations as one of the leading domestic transformer manufacturers and its well-established client base. The ratings also factor in moderation in its scale of operations albeit with stable operating margins, improvement in overall gearing, healthy revenue visibility and stable demand outlook for the domestic transformer industry.
Transformers and Rectifiers (India) is one of India’s leading transformer manufacturers. The company is the main supplier of transformers to the Sardar Sarovar hydel project, state electricity boards and major international clients.
