Delhi Nov 27 2015ndashindia Ratings And Research Indra A Fitch Group Company In Its Recent Annual Rating Review Has Upgraded Cosmo Films Ltdrsquos Cfl Longterm Credit Rating To Lsquoind Arsquo From Previous Rating Of Lsquoind Arsquothe Rerating Can Be Attributed To A Host Of Internal And External Drivers The Internal Drivers Include A Slew Of Recent Measures Undertaken By The Company To Enhance Its Profitability These Included Consistent Efforts To Improve The Companyrsquos Export Margins Manufacturing Linesrsquo Efficiency Usa Based Operations And Rationalization On Power Amp Freight Ldquooverall Consistent Deleveraging Measures To Keep The Debt To Ebidta Ratio Below 3x Is Evident From The Fact That The Company Has Brought Down Its Debt Considerably In The Last 24 Months By 1970 Millionrdquo Said Neeraj Jain Chief Financial Officer Of The Companythe Rating Upgradation And A Stable Outlook By The Agency Obviously Imply That The Companyrsquos Financial Outlook Has Improved And It Looks More Competitive And Attractive To Investments The Company Is Potentially Exploring And Aiming For Another Rating Upgrade In The Near Futureappended Below Is The Link To Access The Official Release Issued By India Ratings And Research Indra On Their Websitenbsp
