Rationale
The above ratings are based on the strength of the corporate guarantee provided by L.G. Balakrishnan & Bros Limited (LGB/the guarantor; rated [ICRA]AA(Stable)/MAA (Stable)/[ICRA]A1+) for the rated bank facilities LGB Forge Limited (LGBFL). The Stable outlook on this rating reflects ICRA's outlook on the rating of the guarantor, LGB.
