Mumbai, Oct. 3 -- The agency has also affirmed the company's short-term rating at 'CARE A1+'.

Care Ratings stated that the ratings assigned to bank facilities of EPL continue to be supported by its established global market position in the laminated tubes segment and long-standing relationships with reputed global clients.

The company benefits from the deep industry expertise of the Blackstone Group and the entry of Indorama Ventures Public Company (IVL) as a strategic investor.

Ratings are further strengthened by EPL's robust business model, characterised by a widespread global distribution network and a diverse product portfolio with steady demand, considering the essential nature of its products.

Industry prospects also remain posi...