12-Jun-2026 19:06:12
TIRUMALCHMGeneral news
THIRUMALAI CHEMICALS : ICRA REAFFIRMS CREDIT RATINGS WITH NEGATIVE OUTLOOK ā ļøš
ā¢ š ICRA has reaffirmed long-term rating of [ICRA] BBB+ (Negative) on bank facilities and NCDs ā¢ š° Ratings reaffirmed on facilities worth over ā¹1,217.55 Cr ā¢ š¦ Term Loans of ā¹451 Cr retain BBB+ (Negative) rating ā¢ š Working Capital Facilities of ā¹330.5 Cr retain BBB+ (Negative) rating ā¢ š NCDs worth ā¹100 Cr continue to be rated BBB+ (Negative) ā¢ ā” Short-term facilities retain [ICRA] A2 rating š Impact: Neutral to Slightly Negative (Ratings remain unchanged, but continuation of the Negative outlook indicates concerns over credit profile and business risks despite reaffirmation.)
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