Acuite assigns credit ratings on Kanpur Plastipack facilities; Stock dips 2%

The rating on long-term facilities of the company has been assigned Acuite A- with Stable Outlook.

Oct 12, 2021 02:10 IST India Infoline News Service

Acuite, Credit Rating Agency has assigned credit ratings on various credit facilities availed by Kanpur Plastipack Limited. The rating on long-term facilities of the company has been assigned Acuite A- with Stable Outlook. On short-term facilities, Acuite A2+ rating has been assigned.

“This is in addition to the existing Credit Rating obtained by the company from CRISIL,” the company said in a filing on Monday.

Ata round 3.00 pm, Kanpur Plastipack Ltd was trading at Rs165.35 per piece down by Rs3.6 or 2.13% from its previous closing of Rs168.95 per piece on the BSE.
The scrip opened at Rs171 and has touched a high and low of Rs171 and Rs161 respectively.

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