Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to Rushil Decor’s long term bank facilities worth Rs 113.47 crore. The rating agency has also reaffirmed ‘A3’ rating to the company’s short term bank facilities worth Rs 30 crore.
The ratings continue to derive strength from the long-standing track record of the promoters of the company, its growing scale of operations led by an increase in revenue from both laminates and Medium Density Fibre (MDF) board segment along with its moderate operating margins and leverage.
Rushil Decor offers comprehensive engineered interior products which include decorative laminate sheets, industry laminate sheets, Rushil kitchen door and plain particle boards.
