Credit rating agency, CRISIL has downgraded the long term rating of Ramkrishna Forgings from ‘A-‘ to ‘BBB+’. Besides, ICRA has downgraded the long term rating of the company from ‘A-’ to ‘BBB+’ while short term rating has been revised from ‘A1’ to ‘A2’.
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.
