Credit Rating

| Updated on October 12, 2012 Published on October 12, 2012

Jamna Auto Industries Ltd has informed BSE that on October 10, 2012, ICRA has revised the ratings of the Company for Lines of Credit and Short term bank facilities from BBB to D without providing the company adequate rationale for the same. Considering that the Company has some of the best liquidity and credit ratios in the business, it has not accepted the revised ratings and is in discussions with ICRA on the matter.

Source : BSE - >www.bseindia.com

Published on October 12, 2012
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