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CRISIL upgrades ratings of GP Petroleum’s bank loan facilities

03 Aug 2015 Evaluate

Credit rating agency, CRISIL has upgraded GP Petroleum’s long term credit rating to ‘A- /Stable’ from ‘BBB+’. The rating agency has also upgraded rating of company’s short rating to ‘A2+’ from ‘A2’.

CRISIL has upgraded company's rating on the total bank loan facilities amounting Rs. 1.95 billion and assigned a ‘Stable’ outlook for the company, in the long as well as the short term. The credit rating upgrade highlights the underlying financial strength of the company in terms of its debt obligation. The review and consequent upgrade process is independent, unbiased and objective.

GP Petroleums ltd previously known as Sah Petroleums, specializes in designing, manufacturing and marketing, industrial & automotive lubricants, process oils, transformer oils, greases and other specialties under the brand name IPOL in India and internationally for more than three decades.

GP Petroleums Share Price

33.85 0.47 (1.41%)
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