Excel Industries' ratings reaffirmed by CRISIL, including Rs.200 crore for long-term bank facilities

Excel Industries Ltd announced that CRISIL and Crisil Ratings have reaffirmed their ratings on the company's outstanding debt instruments. CRISIL has reaffirmed the rating of “CRISIL A+/Stable” on the long term bank facilities amounting to Rs.200 Crore and “CRISIL A1” on the short term bank facilities, while Crisil Ratings has reaffirmed “Crisil A+/Stable” on the long term debt instruments amounting to Rs.200 Crore and “Crisil A1” on the short term debt instruments; the Crisil Ratings’ long term rating has also been enhanced from Rs.149.5 Crore.