Rating agency SMERA Ratings has reaffirmed rating of ‘A-’ with ‘Stable’ outlook to Hindustan Composites’ long term bank facilities worth Rs 7 crore. The rating agency has also reaffirmed rating of ‘A2+’ to the company’s short term bank facilities worth Rs 18 crore.
Hindustan Composites is a pioneer in the development, manufacturing & marketing of Asbestos Industrial Products and Friction Materials in India.