CARE revises credit ratings on bank facilities of Himadri Speciality Chemical

For the commercial paper programme of the company, CARE A1+ rating has been reaffirmed.

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.