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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
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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.

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