CARE assigned A+ rating to the proposed Secured Redeemable Bonds/Non-Convertible Debentures (NCD) issue of Rs 1 billion of Orient Paper & Industries (OPIL). The Bonds/NCDs are proposed to be redeemed by way of bullet repayment at the end of the five years from the date of allotment.

Instruments with `A` rating are considered to offer adequate safety for timely servicing of debt obligations. Such instruments carry low credit risk. CARE assigns `+` or `-` sign to be shown after the assig