Credit rating agency, CARE has revised rating of Trident’s long term bank facilities worth Rs 2334.85 crore to ‘A+’ from ‘A’. The rating agency has also revised rating of the company’s long term/ short term bank facilities worth Rs 1200 crore to ‘A+/A1’ from ‘A/A1’. Further, the rating agency has reffirmed the company’s short term bank facilities worth Rs 350 crore to ‘A1’.
Trident is the largest terry towel and wheat straw based paper manufacturer in the world.