Credit rating agency, Credit Rating Information Services of India (CRISIL) has upgraded the credit ratings for the Debt Instruments / Facilities of Krypton Industries for an enhanced amount from Rs 13 crore to Rs 20.10 crore.
The long-term rating of the company is upgraded to ‘BB-/stable’ from ‘B+/stable’ while the short-term rating has been upgraded from ‘A4’ to ‘A4+’.
Krypton Industries was founded in the year 1990 to manufacture Polyurethane (PU) tyres for bicycles. Over the years the company has diversified its product range to cater to various industry segments keeping in view the market demand and requirements.
