Sutlej Textiles and Industries (STIL), a leading manufacturer of value added dyed yarns – synthetic, cotton mélange, & home textiles, has issued Commercial Papers (CP) worth Rs 25 crore. The CP issue has been rated ‘A1+’ by Credit Analysis & Research (CARE). Instruments with the aforesaid rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.
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