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Crisil upgrades ratings of Safari Industries’ bank loan facilities

17 Nov 2017 Evaluate

Credit rating agency, Crisil has upgraded the rating for Safari Industries’ bank loan facilities worth Rs 900 million. The credit rating agency has upgraded the long term rating assigned to the bank loan facilities from ‘BBB+/Positive’ to ‘A-/Stable’, while the short term rating has been upgraded to ‘A2 +’ from ‘A2’.

Safari Industries (India) manufactures injection-moulded plastic articles and vacuum-formed plastic articles. 

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