From CARE
Polyplex Corporation announced that Credit Analysis & Research (CARE) has on review of recent developments including operational and financial performance of the Company for the Financial Year 2013-14 (Audited) and Q1FY15 (unaudited) reaffirmed the rating of 'CARE A' [Single A] assigned to the long term facilities of the Company aggregating to Rs. 200 crore (enhanced from Rs. 150 crore). Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations.Further CARE has reaffirmed the 'CARE A1' [A One] rating assigned to the short-term Bank facilities of our Company aggregating to Rs. 60 crore. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations.
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