Acuité reaffirms A- rating; assigns on new bank facilities worth Rs 235 cr
PYRAMID · price
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Acuité Ratings has reaffirmed Pyramid Technoplast's long-term bank loan rating at ACUITE A- (Stable) and short-term at ACUITE A2+. Total rated bank facilities stand at Rs 235 crore across Federal Bank, Axis Bank and HDFC Bank. New ratings were assigned on additional credit lines including cash credit, letter of credit, bank guarantee and term loans.
Investment-grade ratings confirmed. New facility ratings indicate expanded bank credit access for the company.