Meghmani Organics announces ratings revision of bank facilities of its subsidiary

By CARE

Meghmani Organics (MOL) announced that the credit rating agency viz., Credit Analysis & Research (CARE) vide its letter dated 06 October 2014 has revised rating of Meghmani Finechem (MFL), a subsidiary of the Company, for Long Term Bank facilities from CARE BBB (triple B) to CARE BBB+ (Triple B Plus) and for Short term Bank facilities from CARE A3 + (A Three Plus) to CARE A2 (A Two).

MOL holds 57% of the Equity Shares of MFL.

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