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SMERA assigns ratings to bank facilities of Simplex Castings

02 May 2018 Evaluate

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.

Peers
Company Name CMP
AIA Engineering 3735.65
Alicon Castalloy 859.40
Nelcast 142.10
PTC Industries 24546.10
Synergy Green Inds. 614.25
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