The credit rating agency, India Ratings & Research has revised ratings assigned to Cimmco’s Long-Term Rating. The rating agency revised Term Loan rating to ‘A+/Negative’ from ‘AA-/Stable’ and Fund-based Working capital limits rating to ‘A+/Negative/A1’ from ‘AA-/Stable/ A1+’. The rating agency has also revised the company’s Non-fund based limits rating to ‘A1’ from ‘A1+’.
Cimmco is engaged in business activities in wool and blended fabrics, ready-to-wear garments, plastic co-extruded films, sheets and BOPP films, thermosetting resins, heavy engineering, railway wagons, manufacture of complete plants for cement, chemicals.
