Credit rating agency, ICRA has reaffirmed Dynamatic Technologies’ long-term rating of BBB+ outstanding on the Rs 369 crore term loans, the Rs 145 crore long-term fund-based limits and Rs 0.01 crore proposed limits.
The rating agency has also reaffirmed the short-term rating of A2 outstanding on the Rs 23 crore short-term non fund-based facilities and the Rs 50 crore short term non fund-based facilities (sublimit) of the company. The outlook on the long-term rating is Stable.
Dynamatic Technologies is the largest producer of Hydraulic Gear Pumps in Asia and one of the top five worldwide. The company designs and builds highly engineered products for Automotive, Aeronautic, Hydraulic and Security applications.