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CARE reaffirms rating on Orient Paper and Industries' bank facilities

The short-term credit rating of the Company reaffirmed to CARE A1+.

September 21, 2022 11:49 IST | India Infoline News Service
Care Ratings Limited has reaffirmed long term credit rating of Orient Paper & Industries Ltd to CARE A+.

Similarly, the short term credit rating of the Company reaffirmed to CARE A1+. However, the Outlook has been revised from Negative to Stable for both the ratings, the company said in a filing.

Further, accroding to the rationale, the ratings assigned to the bank facilities of Orient Paper and Industries Limited (OPIL) draw significant strength from it being a part of the established C.K. Birla group and the financial flexibility it derives by virtue of it.

On Wednesday at around 11:46 AM, Orient Paper & Industries Ltd is currently trading at Rs32.75 per share up by Rs0.3 or 0.92% from its previous closing of Rs32.45 per share on the BSE.

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