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Supreme Petrochem gets upgradation in ratings for bank facilities

Capital Market 

From Ratings and Research

announced that Ratings and Research (India-Ra) has upgraded (SPL) Long Term Issuer Ratings to 'IND A+' from 'IND A'. The outlook is stable. The agency has also taken following rating actions on SPL facilities :

-Rs 100 crore fund-based limits: upgraded to 'IND A+'/Stable/'IND A1+' from 'IND A'/'IND A1' -Rs 1120 crore (reduced from Rs 1185 crore) non-fund based limits: upgraded to 'IND A+'/Stable/ 'IND A1+' FROM 'IND A'/'IND A1'.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 30 2016. 15:14 IST