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BWR upgrades ratings assigned to Sangal Papers’ bank facilities

23 Feb 2018 Evaluate

The rating agency, Brickwork Ratings India (BWR) has upgraded the rating from ‘BB+’ with Stable outlook to ‘BBB-’ with Stable outlook for Fund Based- Cash Credit and Term Loan and ‘A4+’ to ‘A3’ for Non Fund Based: Bank Guarantee and ILC/FLC.

Sangal Papers is a major manufacturer and supplier of newsprint paper.

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