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ICRA revises long term ratings of Hind Rectifiers

26 Mar 2016 Evaluate

Credit rating agency, ICRA has revised rating of Hind Rectifiers’ Fund Based Limit- cash credit worth Rs 21.50 crore to ‘BB+’ from ‘BBB-’. The rating agency has also Non- Fund Based- (LG/LC) worth Rs 14.00 cr to ‘A4+/BB+’ from ‘A3/BBB-’. The downfall in rating is due to slow in execution of orders. The credit rating has been downgraded by 1 notch.

Hind Rectifiers (Hirect) is engaged in developing, designing, manufacturing and marketing power semiconductor, power electronic equipment and railway transportation equipment.

Peers
Company Name CMP
Waaree Energies 2569.55
Apar Industries 14376.90
Havells India 1159.50
Suzlon Energy 38.45
Siemens 3650.15
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