The credit rating agency, SMERA has assigned ‘BBB-’ (Outlook-Stable) rating to Simplex Castings’ long-term borrowings and has also assigned ‘A3’ rating to the company’s short-term borrowings.
Simplex Castings a Simplex Group company is engaged in manufacturing of engineering castings in various grades for core industrial sector like steel, power, railroad equipment, mining, cement, defence, sugar and other specialized areas in as cast, machined and in assembled condition.