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CARE revises ratings of Essel Propack’s bank facilities

18 Sep 2015 Evaluate

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.

Peers
Company Name CMP
Uflex 645.60
EPL 233.75
AGI Greenpac 719.30
Huhtamaki India 243.40
TCPL Packaging 3865.90
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