The credit rating agency, India Ratings & Research has revised ratings assigned to Titagarh Wagons’ Long-Term Rating. The rating agency has revised Fund-based Working capital limits rating to ‘A+/Negative/A1’ from ‘AA-/Stable/A1+’ and Non-Fund based limits rating to ‘A1’ from ‘A1+’. The rating agency has also revised the company’s Commercial paper (CP) rating to ‘A1’.
Titagarh Wagons is engaged in the business of manufacturing Railway Wagons, EMU (Rail Coaches), Bailey Bridges, Heavy Earth, Moving and Mining Equipment, Steel and SG iron castings of moderate to complex configuration etc.
