MoneyWorks4Me

CRISIL downgrades ratings on Mirc Electronics bank facilities and CP programme

06 Mar 2012 Evaluate

Credit rating agency, Credit Rating and Information Services of India (CRISIL) has downgraded its ratings on Mirc Electronics bank facilities and commercial paper (CP) programme to 'CRISIL A-/Negative/CRISIL A2+' from 'CRISIL A/Stable/ CRISIL A1'.

Mirc Electronics, sells consumer durables under brand Onida, is engaged in manufacturing and marketing of LCD TV, DVD and home theatres, air conditioner, washing machine, mobile phone, microwave oven and projectors and display products.

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