Minda Corporation gets upgradation in credit ratings

From India Ratings and Research

Minda Corporation announced that India Ratings and Research has upgraded the Company's Long Term Issuer Rating to IND A+ from IND BBB (suspended). The Outlook is Stable.

Long term loans (Rs 88.04 crore) - IND A+/Stable (Upgraded from IND BBB)

Non fund based limits (Rs 79.36 crore) - IND A+/Stable (Upgraded from IND BBB) and Short term IND A1+ (Upgraded from IND A2)

Fund based limits (Rs 63.5 crore) - IND A+/ Stable (Upgraded from IND BBB) and Short term IND A1+ (Upgraded from IND A2)

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