From CRISIL
Salzer Electronics announced that the company's credit rating has been reaffirmed by CRISIL.The credit ratings on the Bank facilities of the Company have been reaffirmed by the Rating Agency CRISIL at 'CRISIL A/Stable' for long term borrowing and 'CRISIL A1' for short term borrowings. The ratings continue to reflect a leading market position in the domestic rotary switches market and an adequate financial risk profile. These strengths are partially offset by working capital-intensive operations and exposure to intense competition in the electrical cables industry.
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