Steel Strips Wheels Limited — Credit Ratings, 18-02-2026: Credit Rating- New

India Ratings and Research (Ind-Ra) assigned 'IND AA-/Stable' to Steel Strips Wheels's (SSWL) INR 275 Cr bank loan facilities. Ind-Ra also affirmed 'IND AA-/Stable/IND A1+' for existing INR 1341.5 Cr bank loan facilities (previously INR 1342.9 Cr). The affirmation reflects SSWL's strong market position, sustained revenue, and resilient profitability, boosted by higher-margin alloy wheels, despite elevated credit metrics due to ongoing capex.