IOL Chemicals and Pharmaceuticals Limited has informed the Exchange about Credit Rating- Revision
IOLCP · price
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Awaiting price reaction for this filing.
IOL Chemicals and Pharmaceuticals informed the exchanges that CARE Ratings has reaffirmed its credit ratings for the company's bank facilities. The long-term bank facilities of Rs. 200 crore (fund-based working capital) were reaffirmed at CARE A+ with a Stable outlook, while the short-term bank facilities of Rs. 500 crore (non-fund-based working capital) were reaffirmed at CARE A1+, which is the highest short-term rating. Both ratings were reaffirmed without any change in outlook or grade.
This is neutral to mildly positive for shareholders — it confirms that the company maintains strong creditworthiness and low default risk on its borrowings, though no upgrade or downgrade means the fundamental assessment is unchanged.