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CRISIL continues `AA` & `P1+`ratings to Philips Electronics` bank facilities

suniljain's picture
Submitted by suniljain on November 5, 2009 - 15:27

Crisil`s ratings on the debt instruments of Philips Electronics India (Philips
India) continue to reflect Philips India`s
comfortable financial risk profile, leading market position in illumination
devices such as lights, and the strong support the company receives from its
parent Koninklijke Philips Electronics NV (KPNEV, rated `A-/Stable/A-2` by
Standard & Poor`s). These rating strengths are partially offset by the
intense competition in the consumer lifestyle segment, leading to unstable
profitability for the division.News URL:http://www.myiris.com/newsCentre/storyShow.php?fileR=20091105143033199&dir=2009/11/05&secID=livenews

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