Credit rating agency, ICRA, an Associate of Moody’s Investors Service, has reaffirmed the ratings assigned to Line of Credit (LOC) of Remsons Industries for Rs 22.20 crore revised from 18.70 crore. The long term rating of the captioned LOC has been reaffirmed at ‘BBB’ with stable outlook while short-term rating has been reaffirmed at ‘A3+’. The aforesaid ratings are valid till July 31, 2016.
Remsons Industries is engaged in the manufacture of cables, flexible shafts, gear shift systems, push pull cables and park brake mechanisms. The company’s manufacturing units are located at Kandivli, Gurgaon and Daman.
