ICRA reaffirms rating of Jamna Auto Industries Limited

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ICRA Limited (“ICRA”) has reviewed the credit rating assigned to Jamna Auto Industries Limited and vide its communication dated April 29, 2022 reaffirmed the longterm rating at [ICRA] AA- (pronounced ICRA double A minus) and the short-term rating at [ICRA] A1+ (pronounced ICRA A one plus).

Credit rating assigned to commercial paper is reaffirmed at [ICRA] A1+ (pronounced as ICRA A one plus). Outlook on the long-term rating has been reaffirmed as Stable.