Credit rating agency, ICRA has re-affirmed Indag Rubber’s long term rating of ‘A+’ on the Rs 8 crore long term fund based and also re-affirmed a short term rating of ‘A1+’ on the Rs 47 crore (including Rs 2 crore unallocated limits) non fund based facilities. The outlook on the long term rating has been revised from ‘Stable’ to ‘Negative’.
Indag Rubber is a tread manufacturing company. The company is engaged in the manufacturing of the Precured Tread Rubber, Bonding Repair and Extrusion Gum, and Rubber Cement, which are used for retreading of tires.
