From AksharChem (India)
AksharChem (India) announced that the Credit Analysis & Research (CARE) has reviewed the ratings on the bank facilities of the Company and reaffirmed the rating for the Short term Bank Facilities and Long term/Short term Bank Facilities. As the Company has repaid the term loan in full and there is no outstanding therefore the CARE has withdrawn the rating on Long term Bank Facilities. The ratings are as follows:
Short term bank facilities - CARE A1+
Long term / short bank facilities - CARE A+/ Stable / CARE A1+
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