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Ind-Ra affirms 'A+’ rating to Suprajit Engineering’s Long-Term Issuer

24 Feb 2014 Evaluate

India Ratings & Research (Ind-Ra) has affirmed 'A+’ rating to Suprajit Engineering’s (SEL) Long-Term Issuer. The Outlook is 'Stable'. The agency has upgraded 'A1+’ rating to company’s short-term debt rating from 'A1’.  

The rating agency has affirmed ‘A+’ rating to company’s Long- term loans outstanding worth Rs 46.40 crore which was increased from Rs 30.00 crore. ‘A+' rating to Long -Term fund-based working capital limits worth 77.00 crore and upgraded 'A1+' to Short-Term from 'A1'. 

The rating agency has also upgraded ‘A1+’ rating to Short-Term non-fund-based limits worth Rs 2.85 crore from which was reduced from Rs 4.36 crore from 'A1'.

Suprajit Engineering is committed to being a world class organization, supplying cables and components to overseas and domestic customers in automobile and non-automobile sectors

Suprajit Engineering Share Price

475.10 4.85 (1.03%)
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