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Crisil upgrades Brakes India NCD rating

CHENNAI: The Credit Rating Information Services of India (Crisil) has upgraded the rating for Brakes India's Rs. 22 crore non-convertible debenture (NCD) programme and reaffirmed the P1+ rating assigned to its Rs. 25 crore commercial paper programme. The rating upgrade was driven by the company's demonstrated ability to sustain its competitive position in the domestic automotive braking industry, Crisil said in a release.

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