PG Foils Limited's credit ratings for its bank facilities have been revised by CARE Ratings.

The Long Term Bank Facilities, totaling 100 Cr, are now rated CARE BBB; Negative, a downgrade from CARE BBB+; Stable.

Likewise, the Long Term / Short Term Bank Facilities, amounting to 95 Cr, have been lowered to CARE BBB; Negative / CARE A3+ from CARE BBB+; Stable / CARE A2+. This action stems from a review of the company's recent operational and financial performance.

Shareholders should be aware of this updated credit profile.