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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 123284.50
Apollo Tyres 401.55
JK Tyres & Inds. 339.55
Ceat 3285.15
Balkrishna Inds. 2067.10
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