CARE Ratings Limited has assigned the credit rating to Himadri Speciality Chemical Ltd’s various credit facilities and instruments. The credit rating agency revised the rating on long-term bank facilities Rs112.30cr (Reduced from Rs143.36cr) of the company to CARE A+; Stable from CARE AA-; Negative.

The rating on long-term /short-term bank facilities Rs1625cr has been revised to CARE A+; Stable / CARE A1+ from CARE AA-; Negative / CARE A1+.  For commercial paper programme Rs300cr CARE A1+ rating has been reaffirmed.