ICRA has revised the long-term score and reaffirmed the short-term score of the business enterprise. SML Isuzu’s long-time period banking facilities has been revised to ICRA AA- (bad) from ICRA AA (stable) amid slowdown inside the business car (CV) industry, that’s in all likelihood to persist inside the near term given the slowing monetary increase, surplus potential within the trucking device and credit crunch, the employer stated in a filing to the exchanges.
ICRA has reaffirmed SML Isuzu’s quick time period banking centers and industrial papers to ICRA A1+.
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