CRISIL reaffirms ratings of Gloster’s bank facilities

Credit rating agency, CRISIL has reaffirmed ‘A’ rating to Gloster’s long term bank facilities. The rating agency has also reaffirmed ‘A1’ rating to the company’s short term bank facilities. Further, the rating agency has assigned ‘A1’ rating to Rs 25 crore commercial paper programme of the company.

Gloster is a professionally managed company engaged in the manufacture of jute and jute allied products. The present management has an experience of over 50 years in running large jute manufacturing units.