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CARE assigns BBB+ rating to Transformers and Rectifiers’ long term bank facilities

05 Jul 2013 Evaluate

Credit rating agency, CARE Rating has assigned BBB+ rating to long term bank facilities worth Rs 50 crore of Transformers and Rectifiers (India). The rating agency has also reaffirmed A3+ rating to the company’s short term bank facilities worth Rs 70 crore.

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 2535.10
Apar Industries 18873.90
Havells India 1096.00
Suzlon Energy 43.30
Siemens 3822.80
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