Pursuant to Regulations of SEBI LODR, we hereby inform you that CRISIL Rating Limited has reviewed its credit rating on the bank facilities of the Company. It shall be noted that there ....
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Awaiting price reaction for this filing.
Prima Plastics Ltd informed the stock exchange that CRISIL Ratings reviewed its credit ratings on the company's bank facilities totalling Rs. 60 Crore. The long-term rating remains CRISIL BBB+/Watch Developing and the short-term rating remains CRISIL A2/Watch Developing, both continuing on 'Rating Watch with Developing Implications.' The company explicitly stated there has been no change in the credit rating. The facilities include cash credit and term loan from Kotak Mahindra Bank (Rs. 36 Cr) and a working capital facility from Axis Bank (Rs. 20 Cr). The rating was received from CRISIL on June 6, 2025, originally dated May 21, 2025.
No material impact on the stock as the credit rating remains unchanged. The 'Watch with Developing Implications' means CRISIL is still assessing whether to upgrade, downgrade, or maintain the rating, so investors should watch for future rating actions.