India Ratings assigns long-term issuer rating of ‘A’ to JK Tyre

Credit rating agency, India Ratings & Research has assigned JK Tyre & Industries a Long-Term Issuer Rating of ‘A’. The outlook is stable. The ratings draw support from the company’s established position in the Indian tyre industry as the third-largest tyre manufacturer. The ratings also draw comfort from the company’s strong brand image backed by its pan-India distribution network. JK Tyre & Industries is the flagship company under the umbrella of JK Organization. JK Tyre is the pioneer for Steel Radial technology in India. Over the years, the company has expanded and diversified its business portfolio. It has developed into a multi product, multi-location corporate entity.