Announced Thu, 1 Oct, 2026 · 13:12 IST
CRISIL downgrades Chembond bank facility ratings to BB over non-cooperation
CHEMBOND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹182.00
prior close
₹178.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.3-0.2+0.6-0.6+4.4+3.4+0.2——————
Up moveDown movePending
AI summary
CRISIL migrated Chembond's bank facility ratings to BB/Stable (long-term) and A4+ (short-term) tagged Issuer Not Cooperating, downgraded from BBB+/Stable and A2 in 2025. CRISIL cited non-cooperation as the company did not provide information or No Default Statements. Chembond has now switched its rating agency to ICRA, which assigned BBB(Stable) and A3+ on total Rs 65 crore facilities in August 2026. Q1 FY27 revenue stood at Rs 72.42 crore with PAT of Rs 5.73 crore.
Likely market impact
CRISIL cut to junk grade BB due to non-cooperation, not fundamentals. ICRA's BBB rating suggests investment grade remains intact. Mixed signals.