DMCC · price
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CRISIL Ratings has reaffirmed DMCC Speciality Chemicals' credit rating at BBB+/Stable for both bank facilities and fixed deposits. The bank loan facilities rating covers Rs. 139.51 Crore, increased from Rs. 130.96 Crore previously. Fixed deposits of Rs. 20 Crore also carry the same reaffirmation. The BBB+ rating indicates adequate safety regarding timely debt repayment. This reaffirmation applies across multiple banking relationships including Janakalyan Sahakari Bank, YES Bank, Saraswat Bank, and RBL Bank. The rating remains under continuous surveillance by CRISIL.
This reaffirmation is a positive indicator for investors as it shows the company's debt servicing capability remains stable. The increase in rated facility size from Rs. 130.96 Crore to Rs. 139.51 Crore suggests growing banking relationships. The BBB+/Stable rating should support the company's ability to access credit markets on reasonable terms.