CARE Ratings reaffirms CARE A; Stable / CARE A1 on bank facilities totalling Rs. 87.00 crore
CARE Ratings has reaffirmed its ratings on Precision Camshafts' bank facilities.
- Rating action
- Reaffirmed
- Long-term / short-term facilities rating
- CARE A; Stable / CARE A1
- Short-term facilities rating
- CARE A1
Precision Camshafts has informed the stock exchanges that CARE Ratings Limited, through a press release dated October 07, 2026, has reaffirmed its ratings on the company's bank facilities. The rating action recorded against each line of facilities is Reaffirmed.
Which facilities were rated
- Long-term / short-term bank facilities of Rs. 10.00 crore: CARE A; Stable / CARE A1
- Long-term bank facilities of Rs. 2.05 crore: CARE A; Stable
- Short-term bank facilities of Rs. 74.95 crore: CARE A1
- Total facilities covered: Rs. 87.00 crore
How to read this
The word Reaffirmed in the rating action column means CARE has kept the same ratings in this review rather than changing them. The long-term ratings carry the suffix Stable, which is CARE's indication of the outlook attached to that rating. The largest chunk of the rated facilities, Rs. 74.95 crore out of Rs. 87.00 crore, is short-term in nature and carries the CARE A1 rating.
A credit rating is an outside agency's opinion on the ability of a borrower to service the debt covered by that rating. In simple terms, a reaffirmation tells lenders and investors that the rating agency's view of these particular bank facilities is unchanged at this review.
The company states that the detailed rationale and key rating drivers behind these ratings are available on the website of CARE Ratings Limited, and has asked the exchanges to take the intimation on record.
More numbers
- Long-term / short-term bank facilities ratedRs. 10.00 crore
- Long-term bank facilities ratedRs. 2.05 crore
- Short-term bank facilities ratedRs. 74.95 crore
- Total facilities ratedRs. 87.00 crore
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