(ADPnews) - Jul 15, 2010 - Indian credit rating agency CRISIL lifted yesterday to AA- from A+ and to P1+ from P1 the ratings on the long- and short-term bank facilities, and the commercial paper programme of local Jindal Poly Films Ltd (BOM:500227).
The outlook on the long-term bank facilities remains "stable".
The upgrade reflects CRISIL's belief that the company will consolidate its market leadership further by commissioning its new capacities for both its biaxially-oriented polyethylene terephthalate (BOPET) and biaxially-oriented polypropylene (BOPP) business divisions. Jindal Poly's capacity utilisation level is expected to increase because of the …

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