Credit rating agency CARE has revised the ratings assigned to the long term /short term bank facilities of Transformers and Rectifies (India) (TRIL) amounting to Rs 360 crore. The agency has revised the rating from ‘AA-’ to ‘A+’.
The rating agency has also revised the STD/CP Issue (Short Term Debt /Commercial Paper) -Linked to Working Capital as against Standalone of TRIL amounting to Rs 30 crore. The agency has revised the rating from ‘A1’ to ‘A1+’.
Transformers and Rectifiers (India) is one of India’s leading transformer manufacturers. The company is the main supplier of transformers to the Sardar Sarovar hydel project, state electricity boards and major international clients.
