From THE HINDU group of publications
Sunday, November 12, 2000
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From THE HINDU group of publications Sunday, November 12, 2000 |
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Cummins India
Crisil said it reaffirmed the `FAAA' rating, indicating highest safety, assigned to the fixed deposit program of Cummins India Ltd.
It said that it also reaffirmed the `P1+' rating, indicating very strong position, assigned to the Rs 15-crore commercial paper programme of the company.
The rating reflects CIL's dominant market position in the high power diesel engines segment, presence in diverse markets, benefits arising out of being a subsidiary of Cummins Engine Co. Inc. US (which includes access to its markets and operational and products support) and the highly favorable financial profile of the company.
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