Polyplex Corporation Limited — Credit Ratings, 04-07-2025: Credit Rating

India Ratings has assigned a stable IND AA- rating to Polyplex Corporation’s new INR 100 Cr term loan and INR 153 Cr fund-based working capital limits, while affirming the same rating with a stable outlook for existing fund-based and non-fund-based limits totaling INR 528 Cr. The rating reflects Polyplex’s strong financial profile and prudent capital structure supported by diversified banking relationships. This stable credit profile is expected to maintain investor confidence and help keep the company’s borrowing costs controlled, ensuring adequate financial flexibility for future operations and growth initiatives.