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.