Ndr Auto Components Limited has informed the Exchange about Credit Rating
NDRAUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NDR Auto Components has received fresh credit ratings from ICRA Limited for bank facilities totaling Rs. 100 crore. The ratings include [ICRA]A+ (Stable) on a Rs. 20 crore Dropline Overdraft facility from HDFC Bank, and [ICRA]A+ (Stable)/[ICRA]A1+ on Rs. 15 crore working capital facilities (Rs. 10 crore from ICICI Bank and Rs. 5 crore from YES Bank) plus Rs. 65 crore in unallocated limits. All ratings were assigned as of July 1, 2025 and communicated on July 7, 2025. This is a fresh assignment of ratings rather than a revision of any prior rating, and the A+ (Stable) long-term and A1+ short-term grades indicate a strong investment-grade credit profile.
The high investment-grade rating (A+ Stable long-term, A1+ short-term) signals strong creditworthiness and low default risk, which should support the company's borrowing costs and lender confidence. Shareholders can view this as a positive validation of the company's financial health, though the rating is a fresh assignment rather than an upgrade of an existing rating.