Credit rating agency, CARE Ratings has revised ratings of long term/short term bank facilities and short term bank facilities of the Transformers and Rectifiers (India).
The rating agency has revised rating of long term bank facilities worth Rs 360 crore to A+ from A. The rating agency has also revised rating of short term bank facilities worth Rs 70 crore to A1+ from A1.
Transformers and Rectifiers (India) is one of India’s leading transformer manufacturers. The company is the main supplier of transformers to the Sardar Sarovar hydel project, state electricity boards and major international clients.
