ICRA reaffirms long-term rating of Munjal Auto at ICRA AA-

The outlook is stable and assigned to enhanced amount. For short-term bank facilities the rating has been also reaffirmed as ICRA A1+.

Oct 22, 2020 04:10 IST India Infoline News Service

ICRA Limited has re-affirmed its rating assigned to Munjal Auto Industries Limited in respect of Long term/ Short term Bank Facilities and Commercial Papers.

The rating on long-term bank facilities has been assigned at ICRA AA- with Stable outlook and assigned to enhanced amount.

For short-term bank facilities the rating has been also reaffirmed as ICRA A1+  and assigned to enhanced amount.

On Commercial Papers (CP)/ Short Term Debt (STD) the rating has been reaffirmed at ICRA A1+.

Munjal Auto Industries ended lower at Rs54.20 from its previous closing of Rs54.20 on the BSE.

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