Credit rating agency, Fitch Ratings has affirmed India-based Ballarpur Industries’ (BILT) National Long-Term rating at ‘AA-(ind)’ with stable outlook.
The rating agency has also affirmed the company’s Rs 350 crore non-convertible debenture programme rating at ‘AA-(ind)’, Rs 150 crore commercial paper/ short-term debt programme (within working capital limits) at ‘F1+(ind)’, Rs 27.20 crore term loans at ‘AA-(ind)’ and Rs 350 crore fund and non-fund-based working capital limits at ‘AA-(ind)’ and ‘F1+(ind)’ respectively.
The affirmation reflects the company’s continued leadership position in the Indian and Malaysian writing and printing paper segments, large distribution network to cater to the fragmented paper market and its vertically integrated business model from wood to pulping, chemicals and captive power. The ratings are based on consolidated view of BILT`s business and financial profiles.
BILT manufactures wide range of papers such as coated wood free, uncoated wood free, copy paper, packaging, business stationery, industrial grades and speciality and fine paper. The company has launched a premium range of paper stationery products under brand name BILT Matrix.
Company Name | CMP |
---|---|
JK Paper | 354.40 |
TN Newsprints | 278.10 |
West Coast Paper | 635.80 |
Emami Paper Mills | 110.80 |
Andhra Paper | 524.80 |
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