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India Ratings revises long-term facilities of Indo Tech Transformers to ‘BB+’

31 Jul 2013 Evaluate

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.

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