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Crisil revises credit rating of 20 Microns

05 Sep 2017 Evaluate

Credit rating agency, Crisil has upgraded the credit rating of 20 Microns’ Long Term Bank Facilities from ‘BB/Stable’ to ‘BB+/Stable’ for Rs 175 crore Bank Loan. The rating agency has also reaffirmed the credit rating of Short Term Bank Facilities to ‘A4+’.

20 Microns is the largest producer of white minerals in India. The company’s products are used in areas such as paints, coating and printing ink, adhesives, plastics, ceramic, sealants and paper.

Peers
Company Name CMP
Coal India 411.85
NMDC 79.70
Ashapura Minechem 525.80
Sandur Manganese 185.45
GMDC 556.60
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