Nahar Poly Films Limited has informed the Exchange about Credit Rating
NAHARPOLY · price
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CARE Ratings has reaffirmed Nahar Poly Films' credit rating with a stable outlook. The Long Term Bank Facilities rating remains CARE A (Single A) with stable outlook, while Short Term Bank Facilities are rated CARE A1 (A One). Notably, the company's Long Term facilities have been significantly enhanced from Rs. 160.16 crore to Rs. 545.00 crore, indicating increased borrowing capacity. The total rated facilities amount to Rs. 557 crore.
The reaffirmation of ratings with a stable outlook suggests the company maintains sound financial health and creditworthiness. The substantial increase in bank facilities from Rs. 160.16 crore to Rs. 545 crore signals strong lender confidence and provides the company with greater financial flexibility for operations and growth.