By CARE
Dhunseri Petrochem & Tea announced that Credit Analysis & Research, has reviewed and assigned the Credit Rating of CARE A (Single A) to long term bank facilities (Term Loan) of the Company and CARE A (Single A) / CARE A1 (A One) to Long Term/Short term Bank facilities (Fund Based) of the Company. CARE has also reviewed and assigned the Credit rating of CARE A1 (A One) to short term Bank facilities (Non-Fund Based).Further, CARE has withdrawn the ratings assigned to the long term bank facilities (Fund Based) amounting to Rs. 65.00 crore of Tea Division of erstwhile Dhunseri Petrochem & Tea (DPTL) rated by them with immediate effect since the said bank facilities is transferred to Dhunseri Tea & Industries (DTIL) due to demerger of Tea Division into DTIL.
At the same time CARE has reviewed and assigned the Credit rating of CARE A1 (A One) to the Short Term Debt (STD)programme (including Commercial Paper) of the Company of Rs. 100 crore for a maturity not exceeding one year.
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