Rane Engine Valve Limited — Credit Ratings, 05-11-2024: Credit Rating

Rane Engine Valve Ltd. announced that CRISIL has maintained its credit ratings for the company's bank loan facilities of Rs. 220 crores. The long-term rating is 'CRISIL BBB+/Watch Positive', while the short-term rating is 'CRISIL A2/Watch Positive', both under Rating Watch with Positive Implications. The company has shared the relevant credit rating letter for further details.