Corporate News     19-Jan-23
JK Paper receives revision in credit ratings from India Ratings and Research
JK Paper announced that India Ratings and Research has upgraded its rating to "IND AA" from "IND AA-" for various funding facilities of the Company and reaffirmed its 'IND A1+' rating for Commercial Papers of the Company.

The instrument wise rating actions are as follows:

Term loan (Rs 314 crore) - IND AA/ Stable (upgraded)
Fund based limits (Rs 250 crore) - IND AA/ Stable/ IND A1+ (long term rating upgraded; short term rating reaffirmed)
Non fund based limits (Rs 370 crore) - IND AA/ Stable/ INA A1+ (long term rating upgraded; short term rating reaffirmed)
Commercial paper (Rs 100 crore) - IND A1+ (affirmed)
Term deposit (Rs 30 crore) - IND AA/ Stable (upgraded)

Previous News
  JK Paper consolidated net profit rises 241.18% in the September 2021 quarter
 ( Results - Announcements 27-Oct-21   16:55 )
  JK Paper schedules board meeting
 ( Corporate News - 10-May-24   11:12 )
  JK Paper
 ( Analyst Meet / AGM - Conference Call 22-Nov-21   19:09 )
  JK Paper consolidated net profit declines 49.99% in the December 2020 quarter
 ( Results - Announcements 28-Jan-21   09:12 )
  JK Paper consolidated net profit rises 25.19% in the March 2022 quarter
 ( Results - Announcements 14-May-22   08:06 )
  JK Paper standalone net profit rises 52.49% in the March 2019 quarter
 ( Results - Announcements 09-May-19   15:24 )
  Board of JK Paper recommends dividend
 ( Corporate News - 15-May-18   11:16 )
  JK Paper to hold board meeting
 ( Corporate News - 18-Oct-14   11:27 )
  JK Paper to convene board meeting
 ( Corporate News - 28-Jan-23   12:50 )
  JK Paper schedules board meeting
 ( Corporate News - 18-Jul-23   10:34 )
  JK Paper to conduct board meeting
 ( Corporate News - 29-Jan-22   13:52 )
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