Credit rating agency, Credit Analysis and Research (CARE) has assigned upgraded rating ‘AA+’ from ‘AA’ to the Long Term bank facilities and Non- convertible Debentures (NCDs) of Sintex Industries. The above rating indicates the high degree of safety regarding timely servicing of financial obligations.
The credit rating agency has re-affirmed Short Term Debt / Commercial Paper rating of ‘A1+’ indicating very strong degree of safety regarding timely payment of financial obligation.
Sintex Industries is the world largest producer of plastic water tank. It manufactures a wide range of plastic products including prefabricated structures, industrial custom molding products, monolithic constructions and water storage tanks.
