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Ind Ra rates Emami Paper Mills’ bank limits at 'A-' with Stable outlook

The ratings factor in EPML's strong parentage and linkages with Emami group including the constant tangible support extended by the latter.

November 16, 2021 12:18 IST | India Infoline News Service
India Ratings and Research (Ind-Ra) has rated Emami Paper Mills Ltd’s (EPML) bank facilities.

'IND A-/Stable' has been assigned to the long-term facilities while 'IND A2+' has been assigned to short-term facilities.

According to the rationale report, the ratings factor in EPML's strong parentage and linkages with Emami group including the constant tangible support extended by the latter.

Ind Ra expects that significant improvement in the standalone and/or group credit profile could lead to a positive rating action for the company.

At around 12:19 PM, Emami Paper Mills was trading at Rs153.05 apiece down by Rs0.8 or 0.52%.

Previously, the scrip ended at Rs153.85 apiece on the BSE.

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