Credit Analysis & Research (CARE) has reaffirmed the rating of ‘A’ assigned to the long term facilities of the Polyplex Corporation aggregating to Rs 150 crore. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations.
Further, CARE has also reaffirmed ‘A1’ rating assigned to the short-term facilities of the Company aggregating to Rs 60 crore. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations.
