CARE upgrades corporate credit rating of La Opala RG to ‘AA-’
Date: 04-11-2015Credit rating agency, Credit Analysis and Research (CARE) has upgraded the corporate credit rating of La Opala RG to ‘AA-’ from ‘A+’. The rating of the company’s short term bank facilities has been reaffirmed at ‘A1+’.
La Opala RG is engaged in the manufacturing and sale of glassware and tableware in India and abroad. Currently, the installed capacity of its Opal Division and Crystal Division stands at 12,700 MTPA and 1,080 MTPA respectively.