CARE assigns ratings to HSIL’s bank facilities

Credit rating agency, CARE has assigned ‘AA-’ from ‘A+’ rating of HSIL’s long-term bank facilities, while the rating agency has reaffirmed ‘A+’ rating to the company’s short-term bank facilities.

HSIL is one of the leading domestic players in container glass and building products segments. Under the second segment, the company manufactures and trades in sanitaryware products, faucets and wellness products. It has five manufacturing facilities in India, of which three are located in Andhra Pradesh, one in Rajasthan and one in Haryana.