Credit rating agency, CRISIL has reaffirmed ‘A+’ rating to long term bank facilities of Sundaram-Clayton. The rating agency has also reaffirmed A1 rating to short term bank facilities of the company.
The company has received the said rating reaffirmation on the back of its diverse customer base, across automobile sub-segments and geographies, and adequate operating efficiencies.
The company is a leading manufacturer of aluminium die-casting components for automotive applications. It holds controlling stakes in several entities, including TVS, managed by Venu Srinivasan of the TVS group.
