From India Rating & Research
India Glycols announced that India Ratings & Research has affirmed the Company's Long-term Issuer Rating as 'IND A-' and the Outlook is stable. The instrument-wise ratings are as follows:
Term loan (Rs 452.43 crore) - IND A-/Stable (Affirmed)
Proposed term loan (Rs 100 crore) - IND A-/Stable (Assigned)
Proposed term loan (Rs 100 crore) - IND A-/Stable (Assigned)
Fund-based limit (Rs 415 crore) IND A-/Stable/IND A2+ (Affirmed)
Non-fund-based limit (Rs 1,153.35 crore) - IND A-/Stable/IND A2+ (Affirmed)
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