Krishana Phoschem Limited has informed the Exchange about Credit Rating
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Crisil Ratings has reaffirmed Krishana Phoschem's credit ratings at Crisil A/Stable for long-term and Crisil A1 for short-term facilities. The total bank loan facilities rated have been enhanced from Rs. 656 Crore to Rs. 756 Crore, an increase of Rs. 100 Crore. The facilities include cash credit, letter of credit, term loans, and proposed fund-based limits spread across lenders like HDFC Bank, ICICI Bank, SBI, YES Bank, Axis Bank, and Shinhan Bank. Both ratings carry a Stable outlook, indicating Crisil's continued confidence in the company's ability to meet its debt obligations.
Positive for shareholders — the rating reaffirmation at A/Stable suggests strong creditworthiness, while the Rs. 100 Crore increase in sanctioned bank limits signals growing lender confidence and improved access to capital for business expansion.