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Premier Explosives gets A- rating from ICRA for long term bank facilities

30 Apr 2012

Credit rating agency, ICRA has assigned A- rating to Rs 21.85 crore long term bank facilities of Premier Explosives. Instrument with this rating considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. Moreover, the rating agency has assigned A2+ rating to Rs 23 crore short term bank facilities of the company. Instrument with this rating considered to have strong degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

Premier Explosives (PEL) is one of the major companies manufacturing the entire range of explosives and accessories for the civil requirement. PEL is the first manufacturer in India to deploy totally indigenous technology. PEL today has the widest range of products and technologies in the manufacture of Explosives & Accessories.

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