ICRA upgrades Remsons Industries’ long term rating to BBB-

Credit rating agency, ICRA has upgraded rating of the captioned Line of Credit (LOC) of the Remsons Industries from Rs 20.35 crore to Rs 21.45 crore in which the company’s long term rating was upgraded from BB+ to BBB- with stable outlook and also short term rating from A4+ to A3.

Remsons Industries is engaged in the manufacturing of cables, flexible shafts, gear shift systems, push-pull cables and park brake mechanisms. The company’s manufacturing units are located at Kandivali, Gurgaon and Daman.