Credit rating agency, CARE Ratings has upgraded the rating assigned to Investment & Precision Castings’ long term facilities from ‘BBB-; Positive’ to ‘BBB; Stable’. The rating agency also upgraded rating of the company’s short term facilities from ‘A3’ to ‘A3+’.
Investment & Precision Castings is engaged in steel castings business. It offers products for automotive, pumps and valves, electrical and instrumentation, and general engineering.