Motherson Sumi Systems receives revision in ratings from India Ratings & Research

Motherson Sumi Systems announced that India Ratings and Research has revised the credit ratings for various instruments as under -

Term loan (Rs 1137 crore) - IND AAA/ Negative
Fund based working capital limits (Rs 600 crore) - IND AAA/ Negative / IND A1+
Non fund based working capital limits (Rs 100 crore) - IND AAA/ Negative / IND A1+
Commercial paper (Rs 150 crore) - IND A1+
Non convertible debentures (Rs 500 crore) - IND AAA/ Negative

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