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CRISIL downgrades ratings assigned to Eimco Elecon’s bank facilities

10 Apr 2018 Evaluate

The credit rating agency, CRISIL has downgraded rating assigned to Eimco Elecon’s (India) long-term bank facilities to ‘A/stable’ from ‘A+/stable’.  The rating agency has also downgraded rating assigned to the company’s short-term bank facilities to ‘A1’ from ‘A1+’.

Eimco Elecon (India) is in the business of manufacturing and marketing equipment for underground and opencast mines.The company produces a wide range of underground mining machinery.

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