CARE reaffirms rating of Kriti Industries’ (India) Bank Facilities

27 Sep 2012

Credit rating agency, CARE has reaffirmed BBB- rating to Kriti Industries’ (India) Long-term Bank Facilities worth Rs 56.82 crore which was reduced from Rs 64.15 crore. The rating agency has reaffirmed BBB- /A3 rating to the company’s Long-term / Short term Bank Facilities worth Rs 85.36 crore which was enhanced from Rs 83.00 crore.

The company has received the said rating reaffirmation on the back of its established operations in the plastic pipes and fittings business with well-spread dealer network across various states in India and its moderate financial risk profile.

Kriti Industries, established in 1983 is a reputed manufacturer of plastic polymer piping systems, moulded plastic products and premium quality refined soya bean products with a loyal customer base both in India and internationally.

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