Credit rating agency, India Ratings and Research (Ind-Ra) has upgraded JK Paper’s long-term issuer rating to ‘A/Stable’ from ‘A-/Positive’ and term deposit rating to ‘tA+/Stable’ from ‘tA/Positive’.
JK Paper is engaged in paper manufacturing business. The company is India’s largest producer of branded papers is a leading player in the printing and writing segment.