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ICRA downgrades ‘BBB+’ ratings to Ramkrishna Forgings’ Long Term

24 Oct 2013 Evaluate

ICRA has downgraded ‘BBB+’ rating to Ramkrishna Forgings’ Long Term from ‘A-’. The rating agency has also downgraded ‘A2’ rating to company’s Short Term from ‘A1’.

Ramkrishna Forgings undertakes turnkey development of forgings and stampings from raw samples. It also designs and develops special dies for customers. The company exports its products to Germany, USA, Mexico, Brazil, Bangladesh, Sri Lanka and Japan

Peers
Company Name CMP
Bharat Forge 2005.00
Ramkrishna Forgings 702.80
MM Forgings 615.85
Happy Forgings 2065.70
Balu Forge Inds. 508.20
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