Phillips Carbon Black gets credit ratings for bank facilities and CP issue

From CARE

Phillips Carbon Black has received revision in credit ratings for bank facilities aggregating Rs 2468 crore and for commercial paper issue of Rs 50 crore from CARE as under -

Long term bank facilities (Rs 618 crore)- CARE A+; Stable
Long / short term bank facilities (Rs 1850 crore) - CARE A+; Stable/ CARE A1+
Commercial paper issue (Rs 500 crore) - CARE A1+ (Reaffirmed)

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