ALSO READSupreme Petrochem fixes record date for interim dividend Supreme Petrochem standalone net profit declines 28.08% in the June 2016 quarter Board of Supreme Petrochem recommends dividend Supreme Petrochem to hold board meeting Supreme Petrochem reports standalone net profit of Rs 28.63 crore in the September 2016 quarter
From India Ratings and ResearchSupreme Petrochem announced that India Ratings and Research (India-Ra) has upgraded Supreme Petrochem (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 bank 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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