JK Paper receives reaffirmation in credit ratings from India Ratings

JK Paper receives reaffirmation in credit ratings from India Ratings

Dec 06, 2019 06:12 IST capital market

JK Paper announced that India Ratings and Research has affirmed the companys long term issuer rating at IND A+. The outlook is stable.

The instrument wise rating actions are as follows -

Term loan - IND A+/ Stable (Affirmed)
Fund based limits - IND A+/ Stable/ IND A1+ (Affirmed)
Non fund based limits - IND A+/ Stable/ IND A1+ (Affirmed)
Commercial paper - IND A1+ (Affirmed)
Term deposit - IND tAA-/ Stable (Affirmed)

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