India Rating & Research upgrades rating assigned to Supreme Petrochem’s bank facilities

30 Nov 2016

Credit rating agency, India Ratings and Research (India-Ra) has upgraded rating assigned to Supreme Petrochem’s (SPL) long term issuer to ‘A+’ from ‘A' with stable outlook. The credit rating agency also upgraded rating assigned to company’s fund-based limits to ‘A+’/Stable/ ‘A1+’ from ‘A’/ ‘A1’ and non-fund based limits to ‘A+’/Stable/ ‘A1+’ from ‘A’/ ‘A1’.

Supreme Petrochem is the leader in Polystyrene business in the Indian market place with a share of more than 50%.

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