ICRA reaffirms ratings assigned to Graphite India’s bank facilities

The credit rating agency, ICRA has reaffirmed ratings assigned to Graphite India’s Rs 720 crore Fund Based and Non Fund Based Bank facilities to ‘AA+’ rating for long-term and ‘A1+’ for the short term and the outlook on the long term rating is stable.

The rating agency has also reaffirmed ratings for the company’s Commercial Paper worth Rs 70 crore at ‘A1+’ and for Non-convertible Debenture worth Rs 100 crore at ‘AA+’. The outlook on the long term rating is stable.

Graphite India is the pioneer in India for manufacture of Graphite Electrodes as well as Carbon and Graphite Speciality products.