Credit rating agency, India Ratings and Research has revised the ratings assigned to Indo Tech Transformers. The rating agency has revised the long-term facilities of the company from ‘BBB’ to ‘BB+’. The rating agency has also revised the short-term facilities from ‘A3+’ to ‘A4+’ assigned to the company.
Indo Tech Transformers is a prominent player in the transformer market in India, manufacturing power and distribution transformers up to 100 MVA/220 KV. The company is having four manufacturing facilities spread between Palakkad in Kerala, Thirumazhisai & Kancheepuram in Chennai, Tamil Nadu.
