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
