Brickwork Ratings has assigned an Issuer rating of ‘BWR BBB+’ (Pronounced BWR Triple B Plus) to Asian Color Coated Ispat Limited. An Issuer with this rating is considered to offer a moderate degree of creditworthiness.

The rating has factored, inter alia, the experience of ACCIL’s management in the steel industry, growth in revenues and profits and increasing focus on value added products. The rating is constrained by the current economic conditions, the Company’s stretched working capital cycle and moderate strain in cash flows in FY13.

The rating is sensitive to the company’s ability to ensure timely execution of the projects and successfully manage its cash flows.