Ind-Ra affirms ‘AA’ rating to Greaves Cotton’s Long-Term Issuer

Credit rating agency, India Ratings & Research (Ind-Ra) has affirmed ‘AA’ rating to Greaves Cotton’s Long-Term Issuer Rating. The Outlook is Stable. The rating continues to be supported by GCL’s leadership position in India’s three-wheeler engine market. The company has a market share of around 80% at FYE14. Greaves Cotton, a 1,900 crore, a multi-product, multi-location company, is one of the leading engineering companies in India with core competencies in diesel/petrol engines, diesel generators and construction equipments.