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CRISIL reaffirms ratings of Ingersoll Rand’s bank facilities

13 Jan 2014

Credit rating agency, CRISIL has reaffirmed ‘AA+’ rating to long term bank facilities of Ingersoll Rand (India). The rating agency has also reaffirmed ‘A1+’ rating to the company’s short term bank facilities.

The company has received the said rating on the back of its established position with strong brands in the domestic compressor manufacturing industry, and the technological and operational support that it receives from its parent Ingersoll Rand Co, USA.

The company manufactures air compressors of various capacities for the domestic and export markets. The company derives revenue from sale of reciprocating, rotary, and centrifugal compressors and spares in the domestic market, and from exports to parent and group companies.

Related Ingersoll-Rand (India) Ltd. Links:

Ingersoll Rand Share Price

986.10 -5.55 (-0.56%) Jul 30, 18:01
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Peers
Company Name CMP
Dynamatic Tech 1680.80
Elgi Equipments 219.10
Kirloskar Pneumatic 385.10
Ingersoll Rand 986.10
WPIL 999.80
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