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Garware Polyester receives reaffirmation in credit ratings

Capital Market 

From CARE

Garware Polyester announced that CARE Ratings has reaffirmed the credit rating of Garware Polyester as CARE A and upgraded the outlook to positive from stable.

The long-term bank facilities Rs 369.81 crore (enhanced from Rs288.97 crore) is CARE A /-Positive. For Short term Bank Facilities (Rs 198.19 crore) the rating is CARE Al.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Sat, October 10 2020. 13:51 IST
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