Amines & Plasticizers Limited Receives Credit Rating Revision from ICRA
Mumbai – Amines & Plasticizers Limited announced on March 31, 2026, that ICRA Ltd. has revised its credit ratings for the company’s bank facilities. The rating actions include a change in outlook and enhanced limits for certain facilities.ICRA has assigned a rating watch with negative implications to Amines & Plasticizers Limited’s Long-term and Short-term facilities. The revised ratings are as follows:
Bank Facilities and Ratings Summary
| Bank Facilities Rated | Amount | Current Rating (revision in rating outlook without revision in existing rating score) |
|---|---|---|
| Long-term - Fund- based - Working capital facilities | Rs. 100.00 Crore | [ICRA]A; Rating watch with negative implications |
| Long-term - Interchangeable | (Rs. 42.00 Crore) | [ICRA]A; Rating watch with negative implications |
| Short-term - Non-fund- based | Rs. 29.75 Crore | [ICRA]A1; Rating watch with negative implications |
| Short-term - Fund- based - Others | Rs. 50.00 Crore | [ICRA]A1; Rating watch with negative implications |
The ratings reflect changes to existing facilities including an enhanced limit for the Short-term Non-fund-based facilities, increasing from Rs. 28.00 Crore to Rs. 29.75 Crore. The total rated facilities now stand at Rs. 179.75 Crore.
Omkar Mhamunkar, Company Secretary & Compliance Officer, disclosed the rating actions.
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