CARE Ratings affirmed an A+ rating on Pix Transmissions' (NSE:PIXTRANS, BOM:500333) long-term bank facilities and A1+ rating on the company's short-term bank financing, according to a Thursday release.
The rating outlook is stable.
The rating agency said that the reaffirmation reflects the company's strong profitability, comfortable capital structure, adequate debt coverage metrics, and liquidity supported by healthy cash and liquid investments.
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