Jamna Auto Industries Ltd

📈 ICRA Upgrades Jamna Auto’s Credit Ratings

- ICRA upgraded Jamna Auto Industries' long-term credit rating to [ICRA]AA (Stable) from [ICRA]AA- (Positive) for its term loan of Rs. 90 crore.

- ICRA upgraded the long-term rating for working capital facilities to [ICRA]AA (Stable) from [ICRA]AA- (Positive) and reaffirmed the short-term rating at [ICRA]A1+ for Rs. 460 crore.

- ICRA reaffirmed the Commercial Paper rating at [ICRA]A1+ for Rs. 100 crore, which is carved out of existing working capital.

- Total rated bank facilities amount to Rs. 550 crore.

- The outlook for long-term ratings has been revised to Stable from Positive.