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Finolex Industries Receives Positive Credit Ratings from CRISIL

Finolex Industries Limited has been accorded a ‘CRISIL AA+/Stable’ rating on long-term basis and ‘CRISIL A1+’ on a short-term basis by Credit Rating Information Services of India Limited (CRISIL).

The aforementioned ratings, assigned by CRISIL, signify a high degree of assurance regarding the company’s ability to fulfill its financial obligations. Short-term credit ratings assess creditworthiness over a period of one year or less, while long-term credit ratings define a period of more than one year.

Finolex Industries’ debt-to-equity ratio stood at 0.11 in March 2023. During Q2 FY-24, the company reported a revenue of Rs. 883.15 crore.