From India Ratings and ResearchSupreme Petrochem announced that India Ratings and Research (India-Ra) has upgraded Supreme Petrochem (SPL) Long Term Issuer Ratings to 'IND A+' from 'IND A'. The outlook is stable. The agency has also taken following rating actions on SPL bank facilities :
-Rs 100 crore fund-based limits: upgraded to 'IND A+'/Stable/'IND A1+' from 'IND A'/'IND A1' -Rs 1120 crore (reduced from Rs 1185 crore) non-fund based limits: upgraded to 'IND A+'/Stable/ 'IND A1+' FROM 'IND A'/'IND A1'.
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