PCBL Chemical announced that the credit rating on its Rs. 600 crore Non-Convertible Debentures (NCD) has been reaffirmed by Crisil Ratings. The rating assigned to the NCDs is Crisil AA (pronounced Crisil double A rating), which signifies a high degree of safety regarding timely servicing of financial obligations. This rating reaffirmation reflects Crisil’s assessment after considering PCBL’s financial and operational performance.
Credit Rating Reaffirmed
Crisil Ratings has reaffirmed the Crisil AA (pronounced as Crisil double A rating) rating assigned to PCBL Chemical’s Non-Convertible Debentures (NCD) amounting to Rs. 600 crore. The reaffirmation follows a review of the company’s credit ratings and reflects Crisil’s current assessment.
Details of the Rated Instrument
The credit rating applies to the company’s Non-Convertible Debentures (NCD) with a total amount of Rs. 600.00 crore. The rating action taken by Crisil is a reaffirmation of the existing rating.
Source: BSE
