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CARE assigns ‘AA-(SO)’ rating to NRB Industrial Bearings’ long term bank facilities

06 Nov 2015 Evaluate

Credit rating agency, Credit Analysis and Research (CARE) has assigned ‘AA-(SO)’ rating to the long term bank facilities of NRB Industrial Bearings. The rating agency has also assigned ‘BBB-’ rating to the company’s working capital loans.

NRB was incorporated as Needle Roller Bearings Company in 1965. A joint venture company with Nadella France, the oldest needle bearing manufacturer in Europe.

Peers
Company Name CMP
Schaeffler India 3517.40
Timken India 3059.25
SKF India 1426.30
NRB Bearings 429.15
Menon Bearings 339.75
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