CCL Products receives affirmation in credit ratings

CCL Products announced that India Ratings and Research has revised the company's outlook to Stable from Positive while affirming its Long-Term Issuer Rating at 'IND AA-'. The instrument-wise rating actions are as follows:

Term loans - IND AA-/Stable (affirmed)
Fund based bank facilities - IND AA-/ Stable/ IND A1+ (affirmed)
Non fund based bank facilities - IND A1+ (affirmed)
Proposed fund based bank facilities - IND AA-/Stable/ IND A1+ (assigned)

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