Credit rating agency, CARE has revised ‘D’ rating to Moser Baer India’s long term bank facilities worth Rs 2,026.03 crore from B and ‘D’ rating to company’s Short term Bank Facilities worth Rs 355 crore from A4.
The revision in the rating of MBIL takes into account the delays in servicing of its debt obligations.
Moser Baer India headquartered in New Delhi, is a leading global tech-manufacturing company. The company also emerged as the first to market the next-generation of storage formats like Blu-Ray discs in India.
