CEAT credit rating affirmed at IND AA with positive outlook
pre-market1 source ↓written by the desknot a recommendation
- debt/EBITDA target below
- 1.5x
India Ratings & Research reaffirmed CEAT's credit rating at IND AA with a Positive outlook. This reflects strong market positioning and improving leverage ratios, with a net debt/EBITDA target below 1.5x. The maintenance of this outlook indicates a potential upgrade within 12-18 months, suggesting sustained operational resilience. 📈
Not investment advice. For informational purposes only.