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CARE revises rating of Keerthi Industries’ long term bank facilities

16 May 2013 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has revised rating of Keerthi Industries’ long term bank facilities worth Rs 54.47 crore to ‘D‘ from ‘B’. The revision in the ratings takes into account the ongoing delays in the servicing of debt obligations.

Keerthi Industries is the leading manufacturer of reprocessed plastic granules in India. They also deal in Plastic scrap Re grind. Their current production is 6000 Metric tonne per year.

Peers
Company Name CMP
Ultratech Cement 10928.00
Ambuja Cements 362.90
ACC 1186.95
Shree Cement 22455.20
Dalmia Bharat 1683.85
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