Igarashi Motors India Ltd. Receives Credit Rating Reaffirmation from CARE Ratings
Igarashi Motors India Ltd. announced on March 30, 2026, that it has received a reaffirmed credit rating from CARE Ratings for its bank facilities. The ratings reflect the company’s financial stability and performance.CARE Ratings has reaffirmed the ratings as follows:
| Facilities | Amount (Rs. Crore) | Ratings | Rating Action |
|---|---|---|---|
| Long Term Bank Facilities | 41.65 | CARE A+ ; Stable (Single A Plus; Outlook: Stable) | Reaffirmed |
| Long Term/ Short Term Bank Facilities | 68.00 | CARE A+ ; Stable/ CARE A1+ (Single A Plus; Outlook :Stable/ A One Plus) | Reaffirmed |
| Long-term / Short- term bank facilities | 60.00 | CARE A+ ; Stable/ CARE A1+ (Single A Plus; Outlook :Stable/ A One Plus) | Reaffirmed |
| Total Facilities | 169.65 |
The ratings were received at 13:02 hours (IST). The long term bank facilities amount has been enhanced from 22.55 to 41.65.
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