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Sangal Papers informs about credit rating

23 Feb 2018 Evaluate

Pursuant to the Regulation 30(Schedule III, Part A) of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015 and any other Rules and Regulation applicable if any, Sangal Papers has informed that Brickwork Ratings India (BWR) has upgraded the rating from BWR BB+, Outlook: Stable to BWR BBB-, Outlook: Stable (Upgraded) for Fund Based -Cash Credit and Term Loan (o/s) and BWR A4+ to BWR A3 (upgraded) for Non Fund Based: Bank Guarantee and ILC/FLC.

The above information is a part of company’s filings submitted to BSE.

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