CEAT credit rating affirmed at IND AA with positive outlook
after close1 source ↓written by the desknot a recommendation
- is set below
- 1.5x
India Ratings & Research has reaffirmed CEAT's long-term issuer rating at IND AA with a Positive outlook, reflecting strong market positioning and improving leverage ratios. The net debt/EBITDA target is set below 1.5x. This affirmation indicates sustained operational resilience and financial discipline, suggesting a potential upgrade in the next 12-18 months.
Not investment advice. For informational purposes only.