By: ICN Bureau
Last updated : March 06, 2018 8:18 pm
CRISIL's ratings on the bank facilities of Amines & Plasticizers Ltd (APL) continue to reflect APL's weak financial risk profile marked by small cash accruals and weak debt protection metrics. These rating weaknesses are partially offset by APL"
CRISIL?s ratings on the bank facilities of Amines
& Plasticizers Ltd (APL) continue to reflect APL?s weak financial risk profile
marked by small cash accruals and weak debt protection metrics. These rating
weaknesses are partially offset by APL?s healthy market position in the
gas-treatment business.
Outlook: Stable
CRISIL believes that APL will maintain its
healthy market position over the medium term. The outlook may be revised to
?Positive? if there is a significant and sustained improvement in APL?s cash
accruals and debt protection metrics. Conversely, the outlook may be revised to
?Negative? if the company undertakes a larger-than-expected debt-funded capital
expenditure programme or reports substantial deterioration in its business
performance.