Credit rating agency, CRISIL has reaffirmed the short-term rating assigned to banking facilities of B&A Packaging India as ‘A4+’. The rating agency has rated bank loan facilities of Rs 22.35 crore and upgraded the long -term rating from ‘BB/Stable’ to ‘BB+/Stable’.
B&A Packaging India manufactures and sells paper sacks and flexible laminates in India. Its Paper Sacks division offers valved sacks, open-mouth sacks, pinch bottom sacks, sewn sacks, and reinforced sacks etc.