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CARE assigns rating to Transformers and Rectifiers (India)’s Bank Facilities

06 Mar 2013 Evaluate

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.

Peers
Company Name CMP
Waaree Energies 2292.00
Apar Industries 15632.00
Havells India 1015.00
Suzlon Energy 33.62
Siemens 3288.30
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