Uflex announced that India Ratings & Research has upgraded the company's long term issuer rating to IND A from IND A-. The outlook is Stable. The credit ratings for various debt instruments of the company are as under -
Long-term loans - IND A/Stable
Fund based working capital limits - IND A/Stable/IND A1
Non fund based working capital limits - IND A1
Letter of credits for capital goods - IND A1
Proposed long term debt - Provisional IND A/Stable
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