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Finolex Cables Receives Stable Credit Ratings from CRISIL

Finolex Cables Limited has been rated ‘CRISIL AA+/Stable’ by Credit Rating Information Services of India Limited (CRISIL) on long-term basis and ‘CRISIL A1+’ on short-term basis.

These ratings for Finolex Cables indicate that the company has strong financial credibility and carries low credit risk. Short-term credit ratings consider a repayment period of one year or less while long-term credit ratings define a period of more than one year for fulfilling financial obligations.

Compounded Annual Growth Rate (CAGR) for the company’s profit and sales for last 5 years was 7% and 10% respectively.