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%.