UNO Minda Limited — Credit Ratings, 29-10-2024: Credit Rating

Uno Minda Limited's credit ratings have been reaffirmed by ICRA, reflecting its strong market position and consistent revenue growth despite industry challenges. The long-term rating for bank facilities and non-convertible debentures remains at AA+ (Stable), while the short-term rating for commercial paper is at A1+. The company's expansion plans, notably in electric vehicle components, alongside healthy cash flows, support its favorable credit profile. Overall, the outlook remains stable, indicating continued financial strength.