CRISIL upgraded long-term credit rating on Bank facilities of Supreme Industries

29 Mar 2022 , 10:16 AM

CRISIL, an S&P Global Company has revised the credit rating of Supreme Industries Limited on Rs1445.9 crore bank facilities.

The long-term rating has been upgraded to CRISIL AA+ / Stable from CRISIL AA / Positive and the short-term rating has been reaffirmed at CRISIL A1+.

The credit rating agency has also reaffirmed the CRISIL A1+ rating on Rs200 crore Commercial Paper programme of the company. 

At around 10.18 am, Supreme Industries Ltd was trading at Rs1,996 apiece down by Rs2 or 0.1% from its previous closing of Rs1,998 apiece on the BSE.