ICRA upgrades Escorts’ long-term rating to ‘AA’
18th Sep 2020

Credit rating agency -- ICRA has upgraded Escorts’ long-term rating by one notch from ‘AA-’ to ‘AA’ and assigned stable outlook. ICRA has also reaffirmed short term rating to ‘A1+’ and commercial paper rating at ‘A1+’.

Escorts is one of India's leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic development through its presence across the high growth sectors of Agri-machinery, construction & material handling equipment and railway equipment.