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CARE assigns rating to Greenpanel Industries’ bank facilities

30 Nov 2019 Evaluate

Credit rating agency -- CARE has assigned credit ratings for bank facilities of Greenpanel Industries. The long term bank facilities for an amount of Rs 192.53 crore has been assigned ‘BBB+’ with stable outlook. Besides, the long / short term bank facilities for an amount of Rs 70 crore has been assigned ‘BBB+’Stable /A2 rating.

Greenpanel is India's largest manufacturer of wood panels.

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