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.