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CARE reaffirms ratings assigned to bank facilities of CEAT

03 Oct 2016 Evaluate

The credit rating agency, CARE has reaffirmed ‘A1+’ rating to CEAT’s short-term bank facilities and commercial paper. The rating agency has also revised rating of company’s long-term bank facilities and Non convertible debenture to ‘AA’ from ‘AA-’.

CEAT is among the best tyre manufacturers in India. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks. Besides tyres, the company also manufactures and markets tubes and flaps.


Peers
Company Name CMP
MRF 117887.00
Apollo Tyres 384.40
JK Tyres & Inds. 309.20
Ceat 3061.90
Balkrishna Inds. 2110.05
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