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CARE upgrades ratings of Greenply Industries’ bank facilities

24 Sep 2015 Evaluate

Credit rating agency, CARE has upgraded ratings of Greenply Industries’ long term bank facilities to ‘AA-’ and short term bank facilities to ‘A1+’. The rating agency has also upgraded rating of the company’s short term Debt (including Commercial Paper) to ‘A1+’.

Greenply Industries is engaged in manufacturing of plywood, laminates, decorative veneers, particle boards and prelam particle boards/MDF.

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