The Rating Committee of CARE Ratings, after due consideration, has reviewed the credit ratings on Rs2,400cr total facilities of Phillips Carbon Black Limited
. The rating on the company’s long-term bank facilities Rs550cr has been revised to CARE AA with a Stable outlook from CARE AA-; Stable.
The rating on long-term / short-term bank facilities Rs1,850cr CARE AA; Stable/CARE A1+ was revised from CARE AA-; Stable / CARE A1+.
At around 2.17 PM, Phillips Carbon Black Ltd was trading at Rs223.95 per piece up by Rs2.2 or 0.99% from its previous closing of Rs221.75 per piece on the BSE.