Cosmo Film’s long term credit rating upgraded by CRISIL to AA- reflecting strong financials

Cosmo Films Limited, a Global Leader in Films for Packaging, Labelling, Lamination and Synthetic Paper and an emerging player in Specialty Chemicals, Polymers & Pet care today declared an upgrade in long term credit rating to AA- and short term credit rating to A1+ from CRISIL with a stable outlook.

Commenting on Company’s performance Mr. Pankaj Poddar, CEO, Cosmo Films Ltd. said the upgrade in credit rating reflects a healthy business profile supported by strong market position across various flexible packaging segments, specifically specialty films growth, improved operating efficiency and a strong financial profile.