Care reaffirms rating of Maithan Alloys
Credit rating agency, CARE has reaffirmed A+ rating to Maithan Alloys' Long-term Bank Facilities worth Rs 50 crore which was reduced from Rs.60 crore. The rating agency has also reaffirmed A1 rating to the company's Short-term Bank Facilities worth Rs 196 crore.
The company has received the said rating on the back of its satisfactory track record, experienced promoters, established position in the domestic ferro alloys industry, and satisfactory financial performance with comfortable gearing ratio.
To go to the original recommendation click here.