Rating Rationale CRISIL
Detailed Rationale. CRISIL Ratings has reaffirmed its 'CRISIL AA+/Stable/CRISIL A1+' ratings on the bank facilities of AIA Engineering Limited (AIA; a part of the AIA group).. Business performance was largely muted in fiscal 2020, as the Covid19 pandemic led to a nationwide lockdown between March and June 2020, and subsequent restrictions thereafter.