Deepak Nitrite Limited has informed the Exchange about Credit Rating
DEEPAKNTR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ICRA has reaffirmed Deepak Nitrite's long-term rating at AA and short-term rating at A1+ for ₹490 crore bank facilities and ₹200 crore Commercial Paper, but revised the long-term outlook from Positive to Stable. Subsidiary Deepak Phenolics Limited also had its AA/A1+ ratings reaffirmed for ₹729.02 crore in bank facilities, with the same outlook revision from Positive to Stable. Subsidiary Deepak Chem Tech Limited had its ratings reaffirmed at A (long-term) and A2+ (short-term) for ₹200 crore in bank facilities, with the outlook remaining Stable.
The reaffirmation of AA and A1+ ratings signals continued strong creditworthiness and low default risk for investors. However, the outlook downgrade from Positive to Stable indicates ICRA's view of slightly weaker near-term prospects, which may temper sentiment but is not a credit quality concern.