Deepak Nitrite receives revision in credit ratings

25 Mar 2022 , 01:33 AM

Deepak Nitrite has received revision in credit ratings from ICRA for bank facilities worth Rs 490 crore and commercial paper of Rs 200 crore as under Long term rating – ICRA AA; Positive rating reaffirmed and outlook revised from Stable Short term rating – ICRA A1 The companys subsidiary Deepak Phenolics received upgrade in credit ratings for bank facilities worth Rs 75627 crore as under Long term rating – ICRA AA; Positive upgraded from ICRA AA-; Stable Short term rating – ICRA A1 reaffirmed