Credit rating agency, ICRA has upgraded the long-term rating outstanding on Rs 3.50 crore term loans and Rs 70.0 crore fund based bank facilities of Mold-Tek Packaging to ‘A’ from ‘A-’. The rating agency has also upgraded the rating outstanding on Rs 1.00 crore short-term fund based facilities of the company to ‘A1’ from ‘A2+’. The long term rating for the proposed facilities of Rs 2.50 crore has been revised from ‘A-’ to ‘A’ and the short term rating has been revised from ‘A2+’ to ‘A 1’. The outlook on the long-term rating is ‘stable’.
Mold-Tek Packaging is the leader in manufacturing of plastic packaging products including pails. It specializes in both standard and made-to-order packaging solutions for leading brands of paints, lubricants, pharmaceuticals, cosmetics, FMCGs, etc.
