Credit rating agency CARE has assigned ‘A’ rating to long term bank facilities worth Rs 150 crore of Polyplex Corporation. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risks.
Further, the rating agency has assigned ‘A1’ rating to the company’s short term bank facilities worth Rs 60 crore. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risks.
