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MoneyWorks4Me

CARE assigns ‘BB+’ and 'A4+' ratings to Bedmutha Industries’ bank facilities

11 Jul 2013 Evaluate

Credit rating agency, CARE has assigned ‘BB+’ rating to Bedmutha Industries’ long term bank facilities worth Rs 250.21 crore. The rating agency has assigned ‘A4+’ rating to company’s Short-term Bank Facilities worth Rs 44.46 crore. The company has received the said rating on back of promoter’s significant experience in the wire manufacturing business and BIL’s diversified customer base.

Bedmutha Industries offers a wide range of wire and wire products that are approved by the Bureau of Indian Standards, Power Grid Corporation and state electricity boards.

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