Credit rating agency, CARE has reaffirmed ‘BBB’ rating to JMT Auto’s Long term Bank Facilities worth Rs 128.06 crore. The rating agency has also revised ‘A3+’ rating to Company’s Short term Bank Facilities worth Rs 54.00 crore from A3.
The company has received the said rating on the back of its improvement in operating cycle and diversification of revenue into non-auto sector in FY12.
JMT Auto is one of the leading Auto component manufacturers in Eastern region. The company had identified Transmission Components as its key business area and acquired core competency in manufacturing products.
