Pudumjee Paper Products Limited has informed the Exchange about Credit Rating
PDMJEPAPER · price
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Awaiting price reaction for this filing.
Pudumjee Paper Products has received a credit rating reaffirmation from CRISIL Ratings for its existing facilities. The total bank loan facilities of Rs. 280 crore have been reaffirmed at CRISIL A/Positive for long-term and CRISIL A1 for short-term borrowing. Additionally, CRISIL reaffirmed the rating of CRISIL A/Positive on the company's Rs. 50 crore fixed deposit programme. The ratings apply across multiple banks including IDBI Bank, State Bank of India, YES Bank, and Saraswat Co-Operative Bank, covering cash credit, letters of credit, bank guarantees, and term loans.
The reaffirmation with a 'Positive' outlook signals that CRISIL views the company's credit profile as stable with potential for further improvement. This is a neutral-to-slightly-positive development for shareholders, indicating continued lender confidence in Pudumjee Paper's ability to service its debt obligations.