Credit rating agency, CRISIL has assigned Jindal Poly Films ‘AA-/Negative’ rating for Rs 250 crore Non convertible Debenture and Total Bank Loan Facilities rated Rs 370 crore. The credit rating agency has reaffirmed ‘AA-/ Negative’ rating to the Long term rating of the company while the Short Term rating has been reaffirmed to ‘A1+’.
Jindal Poly Films is a part of the diversified B C Jindal group. The group has interests in flexible packaging, photographic products, thermal power generation and steel products. It has the world’s single largest site for production of BOPP and BOPET films at Nasik, India.