Polyplex Corporation receives credit ratings from India Ratings and Research

Polyplex Corporation announced that India Ratings and Research (Ind-Ra) has upgraded Company's Rating as follow:

a) Long-term loans for Rs 150 crore - "IND AA-/Stable", upgraded;
b) Fund-based working capital limits (Long-term and Short term) for Rs 202 crore - "IND AA-/Stable/IND A 1+", Long-term rating upgraded; short-term rating affirmed;
c) Non Fund- based working capital limits (Long-term and Short term) for Rs 30 crore - "INO AA-/Stable/IND A1+", Long-term rating upgraded; short-term rating affirmed.

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