Moody’s puts Samil’s Ba1 rating on review for upgrade

Moody's Ratings said it placed the Ba1 corporate family rating of Samvardhana Motherson International Ltd. (Samil) on review for upgrade.

Previously, the outlook was stable.

“We placed the rating on review for upgrade to reflect the improvements in Samil’s credit quality based on the sustained strengthening in its financial metrics as well as its improved scale, diversification, scope and profitability following the integration of several acquisitions,” said Kaustubh Chaubal a Moody's senior vice president, in a news release. “We expect the company to maintain financial metrics commensurate with an investment-grade rating.”

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