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ICRA upgrades long term bank facilities of Pricol to ‘BBB+’

24 Jul 2013 Evaluate

Credit rating agency, ICRA has upgraded the rating of bank facilities of Pricol. The rating agency has revised the long-term bank facilities of the company from ‘BBB’ to ‘BBB+’. The rating agency has also revised the short term bank facilities of the company from ‘A3+’ to ‘A2+’.

Pricol is engaged in the manufacture and export of a complete range of automotive components starting from instrument clusters, dashboard meters, fuel sensors, oil pressure switches, speedometer drive cables, fuel cut off valve, filter suction, etc.

Peers
Company Name CMP
SamvardhanaMotherson 154.15
Tube Investments 2086.00
Bosch 44473.05
UNO Minda 1068.50
Bombay Burmah Trdg. 1158.45
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