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CRISIL Reaffirms Atul Auto's Credit Rating at BBB+/Stable for Rs 66.04 Cr Facilities
CRISIL Ratings has reaffirmed the credit ratings for Atul Auto Limited's bank facilities totaling Rs. 66.04 crore. The long-term rating is maintained at CRISIL BBB+ with a stable outlook, while the short-term rating remains at CRISIL A2. This reaffirmation indicates a consistent credit profile and stable financial health for the three-wheeler manufacturer. The stable outlook suggests that the company is expected to maintain its business performance and financial risk profile in the medium term.
Key Highlights
CRISIL reaffirmed the long-term rating at 'CRISIL BBB+/Stable' for bank facilities.
Short-term rating reaffirmed at 'CRISIL A2' for the company's debt obligations.
Total bank loan facilities covered under this rating assessment amount to Rs. 66.04 crore.
The reaffirmation reflects a steady credit risk profile despite market fluctuations in the automotive sector.
💼 Action for Investors
As the credit rating remains unchanged, there is no immediate impact on the investment thesis. Investors should focus on the company's monthly sales volume data and quarterly margins for growth signals.