Credit Rating agency, Credit Analysis & Research (CARE) has assigned ‘BBB-’ rating to Yash Papers’ long term bank facilities worth Rs 141.96 crore. The rating agency has also assigned ‘A3’ rating to the company’s short term bank facilities worth Rs 23.04 crore. The said ratings are normally valid for a period of one year from the date of the company’s initial communication of rating i.e. November 15, 2017.
Yash Papers is a provider of consumer, industrial and protective packaging solutions. The company operates approximately three paper machines that manufacture low grammage machine glazed (MG) industrial bleached and unbleached grades of paper.
