Polyplex corporation ratings upgrade

India Ratings and Research Private limited (Ind-Ra) has affirmed Company’s Rating; Long-term loans for INR 562.5 million – “IND AA-/Positive”, Affirmed; outlook revised “‘~to Positive from Stable.

Fund-based working capital limits for INR 2,220 million e “IND AA-/Positive/lND A1+”;
Affirmed; Outlook revised to Positive from Stable.

Non Fund- based working capital limits for INR 300 million – “IND AA-/Positive/lND
A1+”, Affirmed; Outlook revised to Positive from Stable.