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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.

NRB Indl. Bearing Share Price

33.01 0.57 (1.76%)
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