Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to K G Petrochem’s long-term bank facilities worth Rs 92.66 crore. The rating agency has also reaffirmed ‘A3’ rating to the company’s short-term bank facilities worth Rs 48.20 crore.
The ratings of the bank facilities of K G Petrochem (KGPL) continue to derive strength from vast experience of its promoters, its established presence in terry towel manufacturing business with a geographically diversified and reputed clientele.
K G Petrochem (KGPL) is engaged in the manufacturing of terry fabric and garments.
