'CRISIL A-/Stable/CRISIL A2+' rating assigned to bank debt of Prince Pipes and Fittings Limited

CRISIL has assigned its 'CRISIL A-/Stable/CRISIL A2+' ratings on the bank loan facilities of Prince Pipes and Fittings Limited (PPFL).

The ratings reflect a strong market position in domestic plastic pipe industry supported by diverse product portfolio, diversified geographical presence, and diversified end-user industry, extensive experience of promoters, and robust financial risk profile. These rating strengths are partially offset by moderate operating efficiencies and susceptibility to volatility in raw material prices, and moderate working capital requirements.

Source : Equity Bulls

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