Credit Analysis & Research (CARE) has assigned ‘A3+’ rating to Transformers and Rectifiers (India)’s Short Term Bank Facilities worth Rs 70 crore and Short Term Debt / Commercial Paper Issue worth Rs 50 crore from ‘A1’
The rating agency also assigned ‘BBB+/A3+’ rating to the company’s Long Term /Short Term Bank Facilities worth Rs 360 crore from 'A/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.
