Air Works, an independent MRO and aviation services provider, on Thursday, announced that the rating agency – CRISIL – has upgraded both its long-term as well as short-term ratings to BBB/Stable and Crisil A3+.
The upgrade reflects CRISIL’s “expectation of a significant improvement in the credit risk profile of the Company over the medium term”.
These improvements are the result of a change in the company’s strategy that is now increasing among centers around India and South Asia. It is in line with the Government of India’s focus to foster the development of MRO in the country.
