Credit rating agency, Credit Analysis and Research (CARE) has assigned the revised rating of ‘AA’ to the long-term bank facilities and non-convertible debentures (NCDs) of Sintex Industries, indicating the high degree of safety regarding timely servicing of financial obligations.
The rating agency has also re-affirmed short-term debt / Commercial Paper (CP) rating of ‘A1+’ indicating very strong degree of safety regarding timely payment of financial obligation.
Sintex Industries is the world largest producer of plastic water tank. It manufactures a wide range of plastic products including prefabricated structures, industrial custom molding products, monolithic constructions and water storage tanks.
