Sangal Papers gets upgradation in credit ratings

From Brickwork Ratings India

Sangal Papers announced that Brickwork Ratings India has upgraded the rating from BWR BB+ (Pronounced as BWR Double B Plus), Outlook: Stable to BWR BBB- (Pronounced as BWR Triple B Minus), Outlook: Stable (Upgraded) for Fund Based- Cash Credit and Term Loan (o/s) and BWR A4+ (Pronounced as BWR A Four Plus) to BWR A3 (Pronounced as BWR, A Three) (upgraded) for Non Fund Based: Bank Guarantee and ILC/FLC.

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