|
Vishnu Chemicals Ltd announced credit rating actions from both ICRA Limited and CARE Ratings, covering a range of instruments. ICRA Limited updated the rating for Banking Facilities to "A (Stable)" from the previous "A - (Stable)," and assigned ratings to several instruments including Fund based working capital (Rs 170.45), Non Fund based working Capital (Rs 75.39), Fund base – term loans (Rs 321.09), Long term/Short term – Unallocated (Rs 63.07), Financial Sector Regulator Issuer Rating ([ICRA]A(Stable)), and multiple facilities from Axis Bank (Fund based working capital Rs 64.35, Term Loans Rs 2.20, Non-Fund based working capital Rs 41.90, Credit exposure limits Rs 3.00), Indian Overseas Bank (Fund based working capital Rs 54.2, Term Loans Rs 29.27, Non-Fund based working capital Rs 13.10, Credit exposure limits Rs 1.34), Union Bank of India (Fund based working capital Rs 29.9, Term Loans Rs 3.87, Non-Fund based working capital Rs 15.00, Credit exposure limits Rs 1.05), RBL Bank ltd (Fund based working capital Rs 20.0, Term Loans Rs 120.00), ICICI Bank ltd (Fund based working capital Rs 2.0, Term Loans Rs 120.00), CSB Bank ltd Term Loans Rs 45.75, and an Unallocated limit of Rs 63.07; CARE Ratings reaffirmed the Long Term Bank Facilities at CARE A-; Stable (amount Rs 478.28) and Short Term Bank Facilities at CARE A2+ (amount Rs 83.10) for the company.
|