Credit rating agency, Credit Analysis & Research (CARE) has reaffirmed ‘A+’ and ‘A1+’ rating assigned to IFGL Refractories’ (IFGL) long / medium and short term facilities aggregating to Rs 82 crore. While ‘A+’ rating is applicable to facilities having tenure of more than one year, ‘A1+’ rating is applicable to facilities having tenure of up to one year.
Facilities with ‘A+’ rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such facilities carry low credit risk while facilities with ‘A1+’ rating have very strong degree of safety regarding timely payment of financial obligations and carry lowest credit risk.
IFGL Refractories, the flagship company of S K Bajoria Group, is engaged in the manufacture of specialized refractories and requisite operating systems for the Steel Industry.
Company Name | CMP |
---|---|
RHI Magnesita | 641.00 |
Vesuvius India | 4302.80 |
IFGL Refractories | 649.60 |
Orient Ceratech | 50.00 |
Morganite Crucible(I | 1423.70 |
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