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04-Apr2018

CARE Ratings upgrades credit rating of Pasupati Acrylon's bank facilities

CARE Ratings has upgraded the credit rating of Pasupati Acrylon's bank facilities. The rating agency has upgraded the company's long term bank facilities worth Rs 15 crore to 'BBB+/ Stable' from 'BBB/Stable' and short term bank facilities worth Rs 235 crore to 'A2' from 'A3+'.

Being a technology leader, Pasupati Acrylon has rapidly changed the scenario. Through intensive, customer-oriented research, score of new uses have been found for acrylic fibre.


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