Minda Industries gets reaffirmation in credit ratings

From ICRA

Minda Industries announced that ICRA has reaffirmed the long term rating of [ICRA]AA (pronounced ICRA double A) and short-term, rating of [ICRA]A1+ (pronounced ICRA A one plus) assigned earlier to the Rs. 250 crore bank line facilities of your Company, and also assigned a long-term rating of [ICRA]AA (pronounced ICRA double A) to the additional bank limits of Rs. 100 crore. The Outlook on the long term rating is Stable.

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