CARE reaffirms credit rating; long-term facility enhanced to Rs 173.99 Cr

New Credit FacilityCredit & Debt View source PDF

FAIRCHEMOR · price

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Price reaction · full curve 14 horizons · vs prior close

+12.6%1-day move

₹650.00

prior close

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base price

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AI summary

CARE Ratings has reaffirmed Fairchem Organics' credit ratings after its annual review. Long term bank facilities rated CARE A; Stable, with the limit enhanced from Rs 123.99 Cr to Rs 173.99 Cr. Long/short term facilities of Rs 2.25 Cr rated CARE A; Stable/CARE A1, and short term facilities of Rs 5 Cr rated CARE A1, all reaffirmed.

Likely market impact

Rating stability signals healthy financials; enhanced long-term credit limit of Rs 50 Cr boosts borrowing capacity for growth.