Credit rating agency, CARE has revised rating of Essel Propack’s long term bank facilities and the Non convertible Debentures to ‘AA-‘from ‘A’. The rating agency has also revised rating of the company’s short term bank facilities to ‘A1+’ from ‘A2+’.
Essel Propack is the largest specialty packaging company in India. The company operates through 25 state-of-the-art facilities in 13 countries.