Motherson Sumi Systems receives reaffirmation in credit ratings from ICRA

Motherson Sumi Systems has received revision in credit ratings from ICRA as under -

Term Loan (Rs 1108.27 crore) - [ICRA]AA+; Rating placed on watch with negative implications

Fund-based facilities (Rs 600.00 crore) - [ICRA]AA+; Rating placed on watch with negative implications; [ICRA]A1+ (Reaffirmed)

Non-fund based bank facilities (Rs 100.00 crore) - [ICRA]AA+; Rating placed on watch with negative implications; [ICRA]A1+ (Reaffirmed)

CP/STD programme (Rs 150.00 crore) - [ICRA]A1+ (Reaffirmed)

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