 "IOL Chemicals soars 7%, hits new high on rating upgrade by CARE")
Shares of IOL Chemicals & Pharmaceuticals hit a new high of Rs 592, surging 7 per cent on the BSE on Wednesday after CARE Ratings upgraded the ratings of the company’s bank facilities. The rating agency has also withdrawn the rating assigned to the long-term loan facility of IOL Chemicals as the company has repaid term loan in full and there is no outstanding under the said loan as on date.
“CARE Ratings has upgraded the credit rating by one notch to CARE A from CARE A- for the banking facilities availed by the Company, “IOL Chemicals said in an exchange
