Crisil Reaffirms Uflex's AA-/Negative Rating on ₹4,600 Crore Bank Facilities
- Credit rating
- Packaging
Uflex Limited has told the exchanges that Crisil Ratings reaffirmed its ratings on total bank loan facilities of ₹4,600 crore: Crisil AA-/Negative for long-term and Crisil A1+ for short-term. The rating rationale is available on Crisil's website through a link in the filing.
Inference
A reaffirmation means the grade is unchanged, but a negative outlook means Crisil sees a higher chance of a downgrade than an upgrade over the next one to two years if the company's credit profile weakens.
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