CareEdge Ratings Withdraws Credit Ratings for Primo Chemicals' Bank Facilities
Primo Chemicals Limited has announced that CareEdge Ratings Limited has withdrawn all outstanding credit ratings previously assigned to the company's bank facilities. The decision by the rating agency was made in adherence to the CARE Rating's internal withdrawal policy, as communicated in a letter dated 21.07.2026.The action taken by CareEdge Ratings followed a request initiated by Primo Chemicals Limited. The withdrawal process occurred after the company successfully secured the necessary No Objection Certificates (NOCs) from the banks whose facilities were originally rated by CareEdge Ratings Limited.
This rating status pertains specifically to the bank loan facilities of Primo Chemicals Ltd, and the company has previously communicated details regarding these credit ratings to the Stock Exchanges.
PRIMO Stock Price Movement
As of 11:44 AM, shares of Primo Chemicals Limited are slipping by 1.26% in live trading, currently valued at ₹22.73 as the stock sheds ₹0.29 per share. Traded volume stands at 75,187 as the company navigates market dynamics during the active session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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