Sudarshan Chemical Industries receives revision in credit ratings

From India Ratings and Research

Sudarshan Chemical Industries announced that India Ratings and Research (Ind-Ra) has revised Company's outlook to Positive from Stable while affirming its Long-Term Issuer Rating at 'IND A+'.

The instrument-wise rating actions are as follows:

Commercial paper - IND A1+ (Affirmed)
Unsecured Loans - INDA+/Positive (Affirmed, Outlook revised to Positive)
Non-Fund-Based Working- Capital limits - IND A1+ (Affirmed, Outlook revised to Positive)
Fund-Based Working-Capital limits - IND A+/Positive/IND A1+ (Affirmed, Outlook revised to Positive)
Term loans - IND A+/Positive (Affirmed, Outlook revised to Positive)
Term Deposits - IND tA+/Positive (Affirmed, Outlook revised to Positive)

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