Kirloskar Pneumatic credit rating upgraded to CRISIL AA
after close1 source ↓written by the desknot a recommendation
- loan facilities
- ₹840 crore
Kirloskar Pneumatic Company Limited has received a credit rating upgrade from CRISIL, improving its long-term rating to CRISIL AA (Stable). This upgrade applies to total bank loan facilities of ₹840 crore, reflecting the company's strong financial health and operational efficiency.
The upgrade from CRISIL AA- (Positive) to CRISIL AA (Stable) indicates sustained improvement in business operations, which may enhance investor confidence and potentially lower borrowing costs.
Not investment advice. For informational purposes only.