CARE upgrades ratings assigned to Trident’s bank facilities

14 Oct 2016 Evaluate

Credit rating agency, CARE has upgraded ratings assigned to Trident’s Long term Bank Facilities from ‘A-’ to ‘A’ worth Rs 2,334.85 crore and ‘A1’ from ‘A2+’ rating assigned to company’s Short term Bank Facilities worth Rs 350 crore. The rating agency has also revised rating of company’s Long-term/Short-term Bank Facilities worth Rs 1200 crore from ‘A-/ A2+’ to ‘A/ A1’.

The revision in ratings assigned to the business performance reflected in its increasing profitability, healthy adequate liquidity and improvement in its debt coverage parameters.

Trident is the largest terry towel and wheat straw based paper manufacturer in the world.
 

Trident Share Price

36.54 -0.31 (-0.84%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Trident 36.54
Filatex India 58.50
Sutlej Textiles&Inds 50.30
Nahar Spinning Mills 267.00
Nitin Spinners 320.85
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.