Popular Vehicles and Services Credit Rating
Care Ratings has reaffirmed and assigned new credit ratings to the bank facilities of Popular Autoworks Private Limited, a wholly-owned subsidiary of the company.
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Care Ratings has reaffirmed and assigned new credit ratings to the bank facilities of Popular Autoworks Private Limited, a wholly-owned subsidiary of the company.
CRISIL extended Popular Mega Motors (India) Private Limited's ratings of CRISIL A/Stable and CRISIL A1 for ₹235.55 Crore facilities. Ratings remain valid until March 2027.
Popular Vehicles and Services Ltd received a rating extension from CRISIL. The long-term rating is CRISIL A/Stable and short-term is CRISIL A1, valid until March 2027. Additionally, the rated bank loan facilities increased from ₹468 Crore to ₹643 Crore, reflecting the company's expanded credit limits and financial standing.