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India Ratings & Research downgrades long term rating of HEG to ‘A+’

06 Mar 2013 Evaluate

Credit rating agency, India Ratings & Research (Fitch Group) has affirmed the short term rating of working facilities of HEG at ‘A1+’ and has downgraded long term issuer rating to ‘A+’ from ‘AA-‘. The outlook is rated as stable.

HEG is amongst the leading graphite electrode manufacturer in India. The company owns one of the largest integrated graphite electrode plants in South-East Asia that processes sophisticated UHP (Ultra High Power) Electrodes.

Peers
Company Name CMP
Graphite India 850.85
HEG Advanced Materi. 252.15
Esab india 5608.05
Ador Welding 1533.35
Diffusion Engineers 452.85
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