Motherson Sumi’s proposed NCDs worth Rs 3,000 crore assigned IND AAA/Negative rating

Mumbai: Automotive component maker Motherson Sumi‘s proposed non-convertible debentures (NCDs) worth Rs 3,000 crore were assigned “IND AAA” rating with a negative outlook by India Ratings and Research, the company said on Monday. The rating agency reaffirmed the rating for Motherson Sumi’s other financial instruments, including the IND AAA/Negative rating for its existing NCDs worth […]