Chemplast Sanmar and its subsidiary receive ratings action from CRISIL

CRISIL Ratings has upgraded its long-term rating on the bank facilities of Chemplast Sanmar (CSL) to 'CRISIL AA-/Stable' from 'CRISIL A+/Positive' while reaffirming the short-term rating at 'CRISIL A1+'.

Further, the rating agency has upgraded its long-term rating on the bank facilities of Chemplast Cuddalore Vinyls (CCVL) (wholly owned subsidiary of Chemplast Sanmar) to 'CRISIL AA-/Stable' from 'CRISIL A+/Positive' while reaffirming its short-term rating at 'CRISIL A1+'.

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