ICRA has assigned a long-term rating of LA- (pronounced L A minus) for Dynamatic’s Fund Based Bank Facilities and Long Term Loans. LA- is an adequate-credit-quality rating assigned by ICRA. ICRA has also assigned a short-term rating of A2+ (pronounced A two plus) to Non-Fund Based Bank Facilities of Dynamatic Technologies . A2+ is an above-average-credit-quality rating assigned by ICRA to short-term debt instruments. The assigned ratings take into account DTL’s leading position in the hydraulics gear pumps industry, strong technological capabilities across industrial domains and sound management team.
ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional Investment Information and Credit Rating Agency.