DMCC SPECIALITY CHEMICALS LIMITED has informed the Exchange about Credit Rating
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DMCC Speciality Chemicals informed the exchanges that CRISIL Ratings has reaffirmed its credit rating at CRISIL BBB+/Stable with a stable outlook for both bank loan facilities and fixed deposits. The rating covers bank loan facilities totaling Rs. 130.96 Crore, which has been enhanced from the previous limit of Rs. 125 Crore. The fixed deposit rating of CRISIL BBB+/Stable on Rs. 20 Crore has also been reaffirmed. BBB+ rating indicates a moderate degree of safety regarding timely servicing of financial obligations. The rating will remain valid until March 31, 2026, and the banks involved include Saraswat Bank, YES Bank, Janakalyan Sahakari Bank, and RBL Bank.
The reaffirmation signals stable creditworthiness with no negative change in risk perception, which is neutral to mildly positive for investors. The enhancement of the bank loan facility limit from Rs. 125 Crore to Rs. 130.96 Crore indicates improved access to credit, though it could also mean higher debt going forward.