Credit rating agency, Credit Analysis & Research (CARE) has reaffirmed the rating of ‘A’ assigned to the long term facilities of Polyplex Corporation aggregating to Rs 200 crore (enhanced from Rs 150 crore). Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations.
Further, the credit rating agency has reaffirmed the ‘A1’ rating assigned to the short-term bank facilities of company aggregating to Rs 60 crore. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations.
The rating agency has reaffirmed the rating after reviewing of recent developments including operational and financial performance of the company for the Financial Year 2013-14 (Audited) and Q1FY15 (unaudited).
Company Name | CMP |
---|---|
Supreme Industries | 4394.00 |
Astral | 2043.00 |
Finolex Inds | 272.10 |
EPL | 182.15 |
Jain Irrigation Sys | 59.34 |
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