Credit Analysis & Research (CARE) has revised rating of Jyoti’s Fund and Non-Fund based Bank facilities from ‘BB’ to ‘D’ .The rating agency has also revised rating to company’s Short term facilities from ‘A4’ to ‘D’.
Instruments with rating of ‘D’ are in default or are expected to be in default soon.
Jyoti is a leading ISO 9001: 2008 engineering company offering reliable quality products and services. The Jyoti Group of Companies is a conglomeration of industrial units involved in manufacturing and marketing a wide range of electrical and hydraulic engineering equipment used extensively in the vital sectors of national and international economy.
