Kuantum Papers Limited — Credit Ratings, 22-10-2024: Credit Rating- Revision

Kuantum Papers Limited received reaffirmation of its credit ratings from CARE Ratings Limited. The long-term bank facilities (₹856.94 crore) and fixed deposits (₹33.22 crore) maintain a rating of CARE A; Stable, with stable outlooks. Short-term bank facilities (₹66.55 crore) have been reaffirmed as CARE A1. All ratings have been removed from the rating watch with developing implications, indicating improved stability in the company's creditworthiness.