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CARE upgrades rating assigned to Investment & Precision Castings’ bank facilities

04 Apr 2018 Evaluate

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.

Peers
Company Name CMP
AIA Engineering 3824.50
Alicon Castalloy 874.30
Nelcast 120.60
PTC Industries 22004.00
Synergy Green Inds. 610.00
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