Punjab Chemicals & Crop Protection Limited has informed the Exchange about Credit Rating
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Punjab Chemicals & Crop Protection has received a credit rating reaffirmation from CRISIL Ratings for its long-term bank loan facilities, retaining the BBB+/Stable rating. The total bank loan facilities rated have been enhanced from Rs. 25 Crore to Rs. 50 Crore. The rating covers Rs. 25 Crore long-term loan from HDFC Bank, Rs. 10 Crore proposed fund-based limits, and Rs. 15 Crore working capital term loan from SVC Co-Operative Bank. CRISIL BBB+ indicates a moderate degree of safety regarding timely servicing of financial obligations.
The rating reaffirmation signals continued creditworthiness at investment grade, and the doubling of bank loan facility limits to Rs. 50 Crore provides the company with greater financial flexibility for growth or working capital needs. This is a neutral-to-slightly-positive signal for shareholders.