MoneyWorks4Me

ICRA upgrades rating of Mazda’s long term credit facilities to ‘LA’

11 Jun 2013 Evaluate

ICRA has upgraded the rating of Mazda’s long term credit facilities from ‘LA-‘to ‘LA’ and the ratings for short term debt remains unchanged at ‘A1’.

Mazda was established in 1977, as a small unit in western India with the objective of manufacturing automated valve packages. Over the years, it gradually expanded its operations and marketing, taking care to instil the highest levels of quality in all its products, with near-obsessive attention to details and customers satisfaction.

Peers
Company Name CMP
Bharat Heavy Elect. 419.20
Thermax 3449.00
Kirloskar Industries 3588.85
Skipper 551.30
INDO-MIM 1275.35
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