Kothari Petrochemicals Limited has informed the Exchange about Credit Rating- Others
KOTHARIPET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kothari Petrochemicals has informed the stock exchange that ICRA Limited has placed both its long-term and short-term credit ratings on 'Watch with Negative Implications', though the actual ratings remain unchanged. The long-term rating stays at [ICRA]A+ (previously Stable outlook) for fund-based OCC of Rs. 22.50 crore, while the short-term rating stays at [ICRA]A1+ for non-fund based bank guarantee of Rs. 25.00 crore. The total bank facilities under review amount to Rs. 47.50 crore. A 'Watch with Negative Implications' tag means ICRA may downgrade the ratings in the near term if certain concerns are not addressed.
This is a cautious warning for shareholders — the company's credit ratings are still investment grade and unchanged, but the negative watch signals potential headwinds that could lead to a downgrade, possibly affecting future borrowing costs and investor sentiment.