ICRA has downgraded the credit rating of SML ISUZU. The long term banking facilities rating has been revised from AA (Stable) to AA (Negative), due to slowdown in the Commercial Vehicle (CV) industry, which is likely to persist in the near-term given the slowing economic growth, surplus capacity in the trucking system and credit crunch. The rating of Short Term (Banking facilities & Commercial Paper) has been reaffirmed as A1+.
SML Isuzu manufactures a range of vehicles such as trucks, buses and ambulances. The company has launched products like 4WD, Samrat, Sartaj, Dual Cab, Supreme-8 tonner, Truck- Super 12, Super ALFD and many more.
