Meghmani Organics Credit Rating
India Ratings assigned Meghmani Organics' bank loan facilities of INR 11,000 million a rating of IND A/Stable/IND A1. The filing encloses the rating letter and a facilities breakup.
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India Ratings assigned Meghmani Organics' bank loan facilities of INR 11,000 million a rating of IND A/Stable/IND A1. The filing encloses the rating letter and a facilities breakup.
Meghmani Organics Limited has received a credit rating update from CRISIL for its ₹1094 Crore bank facilities. While ratings were reaffirmed at 'CRISIL A' and 'CRISIL A1', the long-term outlook was revised from 'Stable' to 'Negative'.
Meghmani Organics Limited's subsidiary, Kilburn Chemicals Limited, has seen its credit rating outlook revised to 'Positive' from 'Negative' by India Ratings & Research. The revision applies to bank loan facilities totaling ₹274.20 Crore (INR 2,742 million), reflecting improved creditworthiness and operational outlook for the subsidiary.