Credit rating agency -- India Ratings and Research (Ind-Ra) has upgraded Supreme Petrochem’s Long-Term Rating to ‘AA-’ from ‘A+’ with stable outlook. The rating agency also confirmed Short Term Rating at ‘A1+’ for company’s fund and non fund based working capital facilities from banks.
Supreme Petrochem is mainly engaged in business in Styernics and manufactures Polystyrene (PS), Expandable Polystyrene (EPS), Masterbatches and compounds of Styernics and other polymers, Extruded Polystyrene Insulation Board (XPS).
