Credit rating agency, CARE has revised rating assigned to Transformers & Rectifiers (India)’s long term bank facility from ‘BBB+’ to ‘A-’ with stable outlook worth Rs 10.02 crore and short term bank facility rating of the company revised from ‘A3+’ to ‘A2’ with stable outlook worth Rs 150 crore. Total bank loan facilities worth Rs 864 crore.
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.
