CRISIL reaffirms ratings of Rajapalayam Mills’ bank facilities

18 Nov 2015 Evaluate

Credit rating agency, CRISIL has reaffirmed ‘BBB+’/stable rating to Rajapalayam Mills’ long-term loan  facilities worth Rs 153.96 crore and ‘BBB+’/stable rating to the company’s short-term fund based facilities worth Rs 220 crore. The rating agency has also reaffirmed ‘A2’ rating to the company’s short-term Non-fund based facilities worth Rs 23.50 crore.

 

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