Corporate News     19-Apr-18
ISGEC Heavy Engineering intimates of credit ratings assigned to subsidiary
Isgec Titan Metal Fabricators gets ratings assigned from CRISIL
ISGEC Heavy Engineering announced that CRISIL has assigned fresh credit rating for Rs 40 crore limit of line of credit to Isgec Titan Metal Fabricators on 18 April 2018, subsidiary and joint venture company of the company.

Cash credit and working capital demand loan (Rs 5 crore) - CRISIL AA (SO)/ Stable

Letter of credit and bank guarantee (Rs 25 crore) - CRISIL A1+ (SO)

Proposed non-fund based limits (Rs 10 crore) - CRISIL A2.

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