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 756.27 crore as under:
Long term rating – ICRA AA; Positive (upgraded from ICRA AA-; Stable)
Short term rating – ICRA A1+ (reaffirmed)
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