Motherson Sumi Systems announced that India Ratings and Research rated the Non-convertible Debentures of the company as below -
Non-Convertible Debenture* (Rs 500 crore) - IND AAA/ Negative (Affirmed)
Non-Convertible Debentures** (Rs 3000 crore) - IND AAA/Negative (Assigned)
* the NCDs are listed, secured, and redeemable in nature
** yet to be issued
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