Bodal Chemicals Limited has informed the Exchange about Credit Rating
BODALCHEM · price
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Bodal Chemicals informed the exchanges that India Ratings & Research has revised the company's credit rating to 'IND BBB+/Stable'. The term loan of INR 5,073.6 million (reduced from INR 5,372 million) and the fund-based working capital limit of INR 4,510 million both had their outlooks revised to Stable. A new working capital limit of INR 590 million was assigned a rating, and an existing non-fund-based working capital limit of INR 500 million was affirmed at IND A2. The revision to a Stable outlook signals improved confidence in the company's credit profile going forward.
A Stable outlook from the rating agency is positive for shareholders, indicating lower perceived credit risk and potentially lower borrowing costs. The reduction in term loan size suggests active deleveraging, while new and affirmed working capital lines ensure continued operational liquidity.