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.