Oriental Aromatics Limited has informed the Exchange about Credit Rating
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Awaiting price reaction for this filing.
Oriental Aromatics Limited has received a credit rating reaffirmation from ICRA Limited for its outstanding instruments, totaling Rs. 373.88 crore. The long-term fund-based term loan of Rs. 15 crore and the long-term/short-term facilities of Rs. 348 crore, along with Rs. 10.38 crore in unallocated limits, have all been reaffirmed at [ICRA]A- (Stable) for the long term and [ICRA]A2+ for the short term. The Stable outlook indicates that ICRA expects no change in the company's credit profile in the near term. This is a routine periodic review with no change in rating or outlook.
No material impact on shareholders — the rating reaffirmation at A-/Stable and A2+ indicates the company's debt repayment capacity and financial health remain unchanged. This is a neutral signal for the stock.