Announced Tue, 23 Jun · 13:12 IST
CARE Ratings reaffirms KG Petrochem bank facility ratings
Credit & Debt View source PDF
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
CARE Ratings has reaffirmed KG Petrochem's credit ratings on its bank facilities. Long-term facilities worth Rs 4.74 crore (reduced from Rs 13.02 crore) hold CARE BBB- with Stable outlook. Long-term/short-term facilities of Rs 67 crore (reduced from Rs 91 crore) rated CARE BBB-/A3. Short-term facilities of Rs 15.75 crore rated CARE A3. Total rated facilities stand at about Rs 87.49 crore. Reaffirmation indicates steady credit profile.
Likely market impact
Stable investment grade rating maintained with reduced bank debt, mildly positive for credit profile.