Kuantum Papers receives affirmation in credit ratings from CARE

Kuantum Papers has received reaffirmation in credit ratings from CARE Rating as under:

Long term bank facilities (Rs 856.94 crore) - CARE A; Stable (Reaffirmed and removed from Rating Watch with Developing Implications; Stable outlook assigned)
Short term bank facilities (Rs 66.55 crore) - CARE A1 (Reaffirmed and removed from Rating Watch with Developing Implications)
Fixed deposits (Rs 33.22 crore) - CARE A; Stable (Reaffirmed and removed from Rating Watch with Developing Implications; Stable outlook assigned)