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Munjal Auto Industries' credit ratings reaffirmed by ICRA, including Long Term and Short Term
30-Jul-2026, 05:33
Munjal Auto Industries Ltd announced the reaffirmation of credit ratings by ICRA Limited on July 30, 2026, pertaining to its Long Term Fund Based - Term loans, Long Term Fund Based - Cash Credit, and Short Term Non Fund Based Limits; specifically, the rating for Long Term Fund Based - Term loans is [ICRA] AA- (pronounced double A minus), the rating for Long Term Fund Based - Cash Credit is [ICRA] A A- (pronounced double A minus), and the rating for Short Term Non Fund Based Limits is [ICRA] A1+ (pronounced A one plus); the rating for Commercial Paper has been reaffirmed as A1+ and subsequently withdrawn.
Munjal Auto Industries Ltd announced the reaffirmation of credit ratings by ICRA Limited on July 30, 2026, pertaining to its Long Term Fund Based - Term loans, Long Term Fund Based - Cash Credit, and Short Term Non Fund Based Limits; specifically, the rating for Long Term Fund Based - Term loans is [ICRA] AA- (pronounced double A minus), the rating for Long Term Fund Based - Cash Credit is [ICRA] A A- (pronounced double A minus), and the rating for Short Term Non Fund Based Limits is [ICRA] A1+ (pronounced A one plus); the rating for Commercial Paper has been reaffirmed as A1+ and subsequently withdrawn.