India Ratings upgrades DCW's credit ratings

India Ratings & Research has upgraded and assigned ratings ‘BBB+’ indicating a ‘Stable’ outlook for the Company.

Jun 21, 2021 04:06 IST India Infoline News Service

DCW Limited announced that the leading credit rating agency, India Ratings & Research has upgraded and assigned ratings ‘BBB+’ indicating a ‘Stable’ outlook for the Company.

Vivek Jain, Managing Director, DCW Ltd. said, “The rating upgrade by the India Ratings and Research is a testament of DCW’s improving financial and operating performance. The upgradation from BBB to BBB+, in such a challenging environment, is reflective of the confidence in the company’s business model and execution capabilities. DCW’s primary focus on Speciality Chemical, and continuous improvement in the capacity utilization, will enhance stakeholders’ confidence in the company’s ability to significantly scale-up operations in the future.”

On Sensex, DCW stock finished at Rs36.10 per piece up by 0.6%.

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