India Ratings Affirms Steel Strips Wheels' Bank Loan Facilities at IND AA
India Ratings Affirms Steel Strips Wheels' Bank Loan Facilities at IND AA is drawing significant interest across the industry.
India Ratings and Research affirmed Steel Strips Wheels Limited's bank loan facilities at IND AA-/Stable rating while assigning the same rating to additional limits worth INR 2,750 million. The company reported strong revenue growth of 16.1% year-on-year to INR 37,082 million in 9MFY26, driven by increased alloy wheel sales and recovery in domestic auto segments. The rating reflects SSWL's strong market position across automotive segments and resilient operating profitability, though credit metrics remained elevated with net adjusted leverage exceeding 2.5x amid ongoing capacity expansion investments.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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