16 Mar 2022 , 12:34 PM
DCW Limited, a specialty chemicals company headquartered in Mumbai, today announced that leading credit rating agency, India Ratings & Research, has upgraded and assigned ratings ‘A-’ indicating a ‘Stable’ outlook for the Company.
The company’s Non-convertible debentures (NCDs) worth Rs350 crore has been assigned an ‘Ind-A’ rating and a stable outlook. While Optionally Convertible Debentures (OCDs) rating was also upgraded to ‘Ind-A’ and assigned a stable outlook.
DCW’s term loans worth Rs138.60 crore were also assigned an ‘Ind-A’ rating with a stable outlook.
Ind-Ra has upgraded ratings of fund-based working capital limits to ‘Ind-A2+/Ind-A’. While non-fund-based working capital limits worth Rs294.90 crore were rated ‘Ind-A2’ by the rating agency.
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