Polyplex Corporation gets revision in credit ratings

From CARE

Polyplex Corporation announced that CARE has reviewed the credit ratings of the company as under -

(a) Reaffirmed rating for Long Term Bank Facilities aggregating to Rs 357 crore (enhanced from Rs.196.36 Crores) as CARE A+ (Single A Plus Stable, Outlook : Stable);

(b) Reaffirmed rating for Short Term Bank Facilities aggregating to 48 crore (enhanced from Rs. 42.00 crore) as CARE A1+ (Single A One Plus).

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