Ind-Ra upgrades credit rating of IG Petrochemicals to INDAA-/Stable

The credit rating agency has also affirmed IND A1+ rating on Non-fund based working capital limits/forward contract limits.

Oct 13, 2021 03:10 IST India Infoline News Service

India Ratings & Research (Ind-Ra) has upgraded the credit rating of IG Petrochemicals Limited. The rating on Term Loan and Fund-based working capital limits has been upgraded to INDAA-/Stable.

The credit rating agency has also affirmed IND A1+ rating on Non-fund based working capital limits/forward contract limits.

IG Petrochemicals Ltd ended at Rs899.80 per piece down by Rs16.15 or 1.76% from its previous closing of Rs915.95 per piece on the BSE.

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