• search

ICRA reaffirms A1+ rating to MSSL's Rs 500 mln STD prog

Written by: Staff
|

New Delhi, June 6 (UNI) Credit rating agency ICRA today reaffirmed A1+ rating, indicating the highest-credit-quality in short term, to the Rs 500 million short term debt of Motherson Sumi Systems Ltd (MSSL).

The rating takes into account MSSL's strong position in the domestic wiring harness industry, diversified customer base with established relations with major passenger car manufacturers and strong profitability.

The rating also factors in MSSL's large capital investment plans over the next 2-3 years and its in-organic growth plans.

Motherson Sumi Systems is the flagship of the Sumi Motherson Group. In India, it has plants at Noida and Greater Noida, Gurgaon, Delhi, Pune, Bangalore, Chennai and Pondicherry.

Besides this, MSSL has one design centre at Noida and another in Ireland.

UNI CS MP KN1516

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more