Mumbai, Dec. 15 -- Craftsman Automation (CAL) said that Crisil Ratings has reaffirmed its ratings on the bank facilities of the company at 'Crisil AA-/Stable/Crisil A1+'.

Crisil Ratings stated that the rating reaffirmation reflects the strong uptick in business risk profile primarily in the aluminium segment improving its overall revenues and also expectations that CAL's operating profitability will continuously witness improvement over the near to medium term, due to better operating leverage, product mix as well as better contribution from its subsidiary, Sunbeam Lightweighting Solutions (SLSPL), resulting in healthy annual accruals.

CAL's financial risk profile though is expected to witness a temporary moderation in the current fisca...