CARE upgrades ratings assigned to Trident’s bank facilities

14 Oct 2016

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.
 

Related Trident Ltd. Links:

Trident Share Price

14.00 0.05 (0.36%) Apr 16, 18:01
1 Year Price Chart
Peers
Company Name CMP
Trident 14.00
Filatex India 72.95
Sutlej Textiles&Inds 38.50
Nahar Spinning Mills 99.20
Nahar Ind.Enterprise 43.15
View more..
Sensex vs Trident
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback