Manaksia Coated Metals and Industries External Credit Rating Upgraded by Acuité
Mumbai (Maharashtra) [India], September 23: Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), is one of the leading coated metal products manufacturer and exporter, specialized in Pre-painted Galvanised Steel and Plain Galvanised Steel in both coil and sheet forms, announced that Acuité Ratings & Research has upgraded the company’s credit ratings. The long-term [...]
Mumbai (Maharashtra) [India], September 23: Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), is one of the leading coated metal products manufacturer and exporter, specialized in Pre-painted Galvanised Steel and Plain Galvanised Steel in both coil and sheet forms, announced that Acuité Ratings & Research has upgraded the company’s credit ratings. The long-term rating has been revised from A(-) to A, and the short-term rating has been elevated from A2 to A1.
The upgrade reflects the company’s strong financial profile, consistent performance, and prudent financial management. Acuité cited the company’s healthy balance sheet, robust operational metrics, and its ability to sustain growth momentum across domestic and international markets as key factors supporting the improved ratings.