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CARE reaffirms ratings of Electrosteel Castings

07 Oct 2017 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has reaffirmed ratings of Electrosteel Castings’ Long Term Bank Facilities at ‘BBB+/Negative’ and Long/Short Term Bank Facilities at ‘BBB+;Negative/A2’. The rating agency also reaffirmed ratings of Series IV 11.00% NCDs of Rs 50 crore at ‘BBB+; Negative’.

Electrosteel Castings, incorporated in 1955, is engaged manufacturing solutions for water supply and sewerage systems.


Peers
Company Name CMP
JSW Steel 1268.30
Tata Steel 187.95
Steel Authority 183.10
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