Polyplex Corporation receives affirmation in credit ratings

Polyplex Corporation has received affirmation in credit ratings from India Ratings and Research as under:

Long term loans (Rs 56.25 crore) - IND AA-/ Positive (rating affirmed, outlook revised to Positive from Stable)

Fund based working capital limits (Rs 22.20 crore)- IND AA-/ Positive/ IND A1+ (rating affirmed, outlook revised to Positive from Stable)

Non fund based working capital limits (Rs 30 crore) - IND AA-/Positive/ IND A1+ (rating affirmed, outlook revised to Positive from Stable)

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