RDPLRed Deer Public Library (Alberta, Canada)
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The rating upgrade has been driven by CRISIL's belief that RDPL will maintain its profitability and liquidity, which improved moderately, over the medium term.
The ratings reflects the synergies RDPL is expected to continue to derive from its association with its group companies, RDPL's recently expanded capacity, and healthy growth prospects for the cotton yarn industry.
CRISIL believes that RDPL will maintain its financial risk profile at the improved level over the medium term.