OTHER GROUP COMPANIES
market

CRISIL reaffirms ratings on Ruchira Papers' bank facilities

The ratings continue to reflect the company's established position in the paper industry, and its comfortable financial risk profile.

November 29, 2021 3:47 IST | India Infoline News Service
Financial Graph
CRISIL has re-affirmed Credit Rating of CRISIL BBB+/Stable (TRIPLE B PLUS/Stable) assigned to long term facilities and CRISIL A2 (A Two) assigned to short term facilities of Ruchira Papers Ltd.

According to the rationale report, the ratings continue to reflect the company's established position in the paper industry, and its comfortable financial risk profile.

These strengths are partially offset by moderate profitability and exposure to cyclicality in the paper industry.

On Monday, Ruchira Papers ended at Rs75.60 per piece down by Rs3.4 or 4.3% from its previous closing of Rs79 per piece on the BSE.

OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account
  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity