CG Power & Industrial Solutions receives upgrade in LT issuer rating

From India Ratings and Research

CG Power & Industrial Solutions announced that India Ratings and Research has upgraded the Company's Long Term Issuer rating to 'IND AA-' from 'IND D' (as attached). The Outlook is Stable. The instrument wise rating actions are as follows:

Term loans - IND AA-/Stable
Fund-based working capital limits - INDAA- / Stable/ IND A1+
Non-fund-based working capital limits - IND A1+
Commercial paper - IND A1+
Derivative limits - IND A1+

Powered by Capital Market - Live News