Updates
Motherson Sumi Systems Limited inform that its subsidiary Samvardhana Motherson Automotive Systems Group B.V., Netherlands has made the following announcement : 'Samvardhana Motherson Automotive Systems Group B.V., a leading European tier 1 supplier to the automotive industry rated BB+ POSITIVE by S&P; and Fitch, has mandated various banks to arrange a series of fixed income investor meetings in Europe, commencing on Monday 26 June 2017.... Clarifies on News item
With reference to news published in Economic Times dated June 19, 2017 quoting "Motherson Sumi's Dutch Unit Plans Euro 500-m Bond Sale, Motherson Sumi Systems Ltd has submitted to BSE a copy of Clarification is enclosed. Clarification sought from Motherson Sumi Systems Ltd
The Exchange has sought clarification from Motherson Sumi Systems Ltd on June 19, 2017 with reference to news published in Economic Times dated June 19, 2017 quoting "Motherson Sumi's Dutch Unit Plans Euro 500-m Bond Sale." The reply is awaited. Credit Rating
Motherson Sumi Systems Limited inform that Fitch Ratings ('Fitch') has rated outstanding secured bonds of SMRPBV at BBB- Samvardhana Motherson Automotive Systems Group B.V., Netherlands (SMRP BV), a subsidiary of the Company. Furthermore, Fitch has also assigned a first time corporate rating of BB+ with a Positive outlook to SMRP BV. Credit Rating
This is to inform that Standard & Poors Global Ratings ('S&P;') has revised its outlook on Samvardhana Motherson Automotive Systems Group B.V., Netherlands, a subsidiary of Motherson Sumi Systems Limited (the 'Company') to positive from stable on improved financial metrics while affirming BB+' long-term corporate credit rating on Samvardhana Motherson Automotive Systems Group B.V. Credit Rating
This is to inform that Standard & Poors Global Ratings ('S&P;') has revised its outlook on Samvardhana Motherson Automotive Systems Group B.V., Netherlands, a subsidiary of Motherson Sumi Systems Limited (the 'Company') to positive from stable on improved financial metrics while affirming BB+' long-term corporate credit rating on Samvardhana Motherson Automotive Systems Group B.V. Investor Conference
Management of the Company is attending B&K; - Investor Conference scheduled to be held on June 5, 2017 at Mumbai. Copy of the presentation which shall be made at the conference is uploaded at the below link on the Company's website www.motherson.com.