ICRA upgrades credit ratings of MTAR Technologies

 Hyderabad, Jan 11, 2022: MTAR Technologies Ltd (“MTAR”), a leading precision engineering solutions company engaged in manufacturing and development of mission critical precision components with close tolerances and critical assemblies catering to nuclear, space, defense and clean energy sectors has received upgrade in credit ratings from ICRA.

 

Rating Details

  Credit               Rating
  Rating   Instrument     Existing Rating   Revised Rating Action
  Agency                
      Long  Term            
      Fund  based     [ICRA]A- (Positive)   [ICRA]A (Stable) Upgraded
      /CC            
      Long  Term            
      Fund  based     [ICRA]A- (Positive)   [ICRA]A (Stable) Upgraded
      TL            
  ICRA   Long            
  Limited   term/Short     [ICRA]A- (Positive)   [ICRA]A (Stable) Upgraded
      Term- Non-     /[ICRA]A2+   /[ICRA]A1  
      fund Based            
      Long-term     [ICRA]A-(Positive)   [ICRA]A (Stable) Upgraded
      Unallocated        
                 
                   

Instrument Details

ISIN No/  Bank Instrument Date  of Coupon Maturity Amount Current Rating
Name   Name   Issuance Rate Date Rated and Outlook
          /     (RS    
          Sanction     Crore)    
State Bank of Cash Credit 30.00 [ICRA]A (Stable)
India                    
HDFC Bank

Comments are closed.

AD2