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ICRA assigns long-term rating to JK Paper

By Religare

Leading paper manufacturer JK Paper Ltd on Tuesday said credit rating and research agency, ICRA, has assigned a long-term rating of '[ICRA]BBB+' with a stable outlook for Rs 150 crore Line of Credit (Term Loan) of JK Paper Limited.

In a filing to the Bombay Stock Exchange, the company informed, "ICRA Limited has assigned a long-term rating of '[ICRA]BBB+' with a Stable outlook for Rs. 150 crore Line of Credit (Term Loan) of JK Paper Limited."


JK Paper Limited, an integrated pulp and paper company, manufactures and sells papers and boards primarily in India.

Meanwhile, shares of the company closed at Rs 35.30 apiece, down 0.14 per cent, from previous close on BSE.

Story first published: Tuesday, May 19, 2015, 23:00 [IST]
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