Credit rating agency, CRISIL has reaffirmed Amara Raja Batteries rating of the total bank loan facilities of Rs 60 crore (reduced from Rs 326.40 crore). The rating agency has also reaffirmed AA/Stable rating to long term bank facilities of the company while, it reaffirmed A1+ rating to short term bank facilities of the company.
Amara Raja Batteries (ARBL) is engaged in manufacturing of industrial and automotive batteries. It was founded in 1985. ARBL was first to introduce Valve Regulated Lead Acid (VRLA) batteries with three-year warranty in industrial and automotive applications.
