India Ratings & Research has assigned the rating of A- in respect of Khaitan Chemicals and Fertilisers Limited banking facilities. Earlier it was BBB+, assigned by Brick Work Ratings India Private Limited.
The long-term Issuer Rating assigned to the company was IND A- / Stable. On Fund Based Working Capital Limit Rs170cr, IND A- / Stable / IND A2+ rating was assigned.
The credit rating agency assigned IND A- / Stable / IND A2+ on Non-Fund Based Working Capital Limit Rs134.40cr. For Term Loan Rs11.25cr, IND A- / Stable rating was assigned.
At around 11.18 am, Khaitan Chemicals & Fertilizers Ltd was trading at Rs66.10 per piece up by Rs0.45 or 0.69% from its previous closing of Rs65.65 per piece on the BSE.
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