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CRISIL assigns ‘AA/Stable’ rating to Force Motors’ long-term bank facilities

23 Sep 2016 Evaluate

Credit Rating Agency, CRISIL has assigned ‘AA/Stable’ rating to Force Motors’ long-term bank facilities. The rating agency has also assigned ‘A1+’ rating to the company’s short-term bank facilities. Moreover, CRISIL has assigned ‘FAA+/Stable’ rating to fixed-deposit programme of the company.

Force Motors is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.

Peers
Company Name CMP
Tata Motors 425.65
Ashok Leyland 172.00
Force Motors 18950.20
Olectra Greentech 1027.00
SML Mahindra 5246.85
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