Craftsman Automation Limited — Credit Ratings, 30-06-2026: Credit Rating

Crisil Ratings reaffirmed Craftsman Automation's bank facilities at AA-/Positive (long-term, outlook revised from Stable) and A1+ (short-term) due to improved business and debt reduction. Subsidiaries DR Axion also got AA-/Positive (outlook revised from Stable). Sunbeam Lightweighting's ratings of BBB+/A2 remain on 'Watch Positive' pending its merger with DR Axion, anticipating a stronger combined entity.