Police reach out to tribal residents of Kathirimalai thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
TRIS Rating affirms the company rating on AAPICO Hitech PLC (AH) at ?BBB+?. At the same time, we revise the rating outlook to ?stable? from ?negative?. The change in the rating outlook reflects an expected recovery in the company?s operating performance, which will improve its earnings and financial leverage.
The rating continues to reflect AH?s strong competitive position as a Tier-1 automotive parts manufacturer in Thailand, its solid core operations, and efficient cost control. These strengths are partially offset by the company?s rather thin profit margins, customer concentration risk, and the cyclical nature of the automotive industry. The rating also takes into consideration increasing exposure to overseas operations which could pose significant challenges while presenting opportunities to broaden market coverage.