Credit rating agency, ICRA, an associate of Moody’s Investors Service has reaffirmed rating of the captioned Line of Credit (LOC) of Remsons Industries for Rs 19.70 crore revised from Rs 21.45 crore as under. The credit rating agency has reaffirmed long term rating of the captioned LOC at ‘BBB-‘ with stable outlook. The agency has also reaffirmed the short term rating at ‘A3’. The aforesaid ratings are valid till July 19, 2014.
Remsons Industries is engaged in the manufacture of cables, flexible shafts, gear shift systems, push pull cables and park brake mechanisms. The company’s manufacturing units are located at Kandivli, Gurgaon and Daman.
