Rating agency, Credit Analysis & Research (CARE) has upgraded the rating assigned to the Long Term Bank facilities availed by CMI from ‘BBB’ to ‘BBB+’. This rating is applicable to facilities having tenure of more than one year. Facilities/Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations.
Further, the rating agency has upgraded the rating assigned to the Short Term Bank facilities of the company from ‘A3’ to ‘A3+’. This rating is applicable to facilities having tenure upto one year. Facilities/Instruments with this rating are considered to have moderate degree of safety regarding timely payment of financial obligations.
CMI is a supplier of cable accessories, cables, conductor cables, electric cable accessories, equipment, and machinery.
