From CARE
Polyplex Corporation announced that CARE has revised the credit ratings for debt instruments of the company as under -Upgraded rating for Short term Loan of Rs.42 crore from the 'CARE A1' [A One] to CARE A1+ [A One Plus].
Reaffirmed rating for Rs. 196.36 crore (Rs. 120 crore working capital loan+ Rs. 76.36 crore term loan) as 'CARE A+' Stable (Single A Plus, Outlook : Stable).
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