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Supreme Petrochem gets upgradation in ratings for bank facilities

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Capital Market
Last Updated : Dec 01 2016 | 12:01 AM IST

From India Ratings and Research

Supreme 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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First Published: Nov 30 2016 | 3:14 PM IST

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