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As on : 18-Aug-2026
Hot Pursuit
18-Aug-2026     17:49

CIE Automotive India's credit ratings reaffirmed by ICRA, including a Rs. 575 Crore Line of Credit

CIE Automotive India Ltd announced that ICRA Limited has re-affirmed its ratings for various instruments, including a Line of Credit of Rs. 575 Crore with a Long Term rating of [ICRA]AA (Stable) and a Short Term rating of [ICRA]A1+, and a Line of Credit of Rs. 575 Crore with the same ratings; ICRA has also reaffirmed ratings for Fund-based/Non-fund based -Others at AA(Stable)/A1+, RBI Unallocated limits at AA(Stable)/A1+, and a total of Rs. 575.00; additionally, ICRA has assigned ratings of [ICRA]AA(Stable)/[ICRA]A1+ to Working Capital Facilities of Rs. 230.0 at ICICI Bank, Rs. 150.0 at Kotak Mahindra Bank, Rs. 94.0 at Bank of America, Rs. 5.0 at HSBC Bank, Rs. 35.0 at Sumitomo Mitsui Banking Corporation, and Unallocated Limits of Rs. 61.0, all maturing on August 14, 2026, with no enhancements, withdrawals, or changes to previous assignments.

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