Electrosteel Castings gets ratings assigned for NCDs
From Infomerics Valuation and Rating
Electrosteel Castings announced that Infomerics Valuation and Rating has assigned the following credit rating to the debt instruments of the Company on 23 March 2017:Debt Instrument Rating Assigned Non-Convertible Debenture of Rs.125 crore - IVR A [Pronounced IVR single A] (Outlook: Stable) which indicates adequate degree of safety regarding timely servicing of financial obligations.
Non-Convertible Debenture of Rs.75 crore - IVR A [Pronounced IVR single A] (Outlook: Stable) which indicates adequate degree of safety regarding timely servicing of financial obligations.
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