CRISIL downgrades bank facility rating to A- with stable outlook
ACI · price
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On the reaction day the stock moved 7.1 pts more than Nifty Microcap 250 and 8.1 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CRISIL downgraded Archean Chemical Industries’ long-term bank facility rating from A with a negative outlook to A- with a stable outlook. The rated amount increased from Rs 265 crore to Rs 1,531 crore, covering proposed facilities that remain under CRISIL surveillance.
The downgrade signals weaker credit quality and may raise borrowing costs or hurt sentiment, although the outlook is now stable.