Credit Ratings

External evaluations of company performance are vital to building confidence and trust; credit ratings are especially important indicators of financial health. Samvardhana Motherson International Ltd. (SAMIL), (formerly Motherson Sumi Systems Limited (MSSL)) is pleased to share its Issuer rating from major credit ratings agencies.

Further, we would also like to share credit rating of SMRC Automotive Holdings Netherlands B.V. (SAHN BV, Issuer of USD’2024 Foreign Currency Bond) and Samvardhana Motherson Automotive Systems Group BV (SMRP BV, Issuer of EUR’2015 Foreign Currency Bond) which are 100% subsidiaries of SAMIL.

SAMIL is rated by International Agencies (Moody’s, Fitch and JCR) and two major domestic rating agencies (CRISIL & India Rating and Research)

SAMIL International Rating

Moody's

Long-term Rating
Baa3/Stable

Fitch

Long-term Rating
BB+/Positive

Japan Credit Rating (JCR)

Long term Rating
A/Stable

SAMIL Domestic Rating

CRISIL

Corporate Credit Rating
CRISIL AAA/Stable
Long-term Rating
CRISIL AAA/Stable
Non-convertible Debentures
CRISIL AAA/Stable
Short-term Rating
CRISIL A1+ (Reaffirmed)

India Ratings and Research

Issuer Rating
IND AAA / Stable
Long-term Rating
IND AAA / Stable
Non-convertible Debentures
IND AAA / Stable
Commercial Papers
IND A1+

ICRA

Issuer Rating (Long term)
AAA / Stable (Assigned)
Long-term Rating
-
Short-term Rating
-
Non-convertible Debentures
-
Commercial Papers
A1+ (Reaffirmed)

SAHN BV, Issuer of USD’2024 Foreign Currency Bond is rated by two major rating agencies: Moody’s and Fitch Ratings:

SAHN BV International Rating

Moody’s

Foreign Currency Bond/Issue Rating
Baa3

Fitch

Foreign Currency Bond/Issue Rating
BBB-

SMRP BV, Issuer of EUR’2015 Foreign Currency Bond is rated by the two major rating agencies: Moody’s and Fitch Ratings

SMRP BV International Rating

Moody’s

Long Term Rating/Issuer Rating
Baa3/Stable

Fitch

Issuer Rating
BB+/Positive
Foreign Currency Bond/Issue Rating
BBB-

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