Announced Fri, 26 Jun · 20:22 IST
Crisil Assigns BBB/Stable Rating to Primo Chemicals' Rs 180 Cr Facilities
Credit & Debt View source PDF
PRIMO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.5%1-day move
₹24.88
prior close
₹25.10
base price
After-mkt
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AI summary
Primo Chemicals Limited has been assigned credit ratings by Crisil Ratings for its bank loan facilities worth Rs 180 Crore in total. The company received Crisil BBB with a Stable outlook for long term facilities and Crisil A3+ for short term facilities. Both ratings are newly assigned, placing the company in the investment grade category for its debt obligations.
Likely market impact
Investment grade BBB/Stable rating reflects moderate credit strength, which is supportive of borrowing capacity and lender confidence going forward.