CARE assigns rating to Signet Industries’ bank facilities

27 Feb 2015

Credit rating agency, CARE has assigned ‘BBB-/A3’ rating to Signet Industries’ long/short-term bank facilities worth Rs 25 crore. The ratings assigned to the bank facilities of Signet Industries draw strength from the long-standing experience of the promoters in polymer and plastic industry, healthy operating margins of SIL’s manufacturing division, geographically diversified customer base of its Micro Irrigation Systems business and continuous financial support received from the promoters.

Signet Industries is engaged in the manufacture, trade, and export of poly products in India. It distributes HDPE, LDPE, PVC, PP, and PET resins.

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