CRISIL Ratings Reaffirms Ratings for Privi Speciality Chemicals Ltd Debt Instruments
Privi Speciality Chemicals Limited announced that CRISIL Ratings Limited has reaffirmed the ratings for its long-term and short-term debt instruments and bank facilities. The ratings review covers debt instruments availed by the company.The reaffirmed ratings are detailed as follows:
| Company Name | Credit Rating Agency | Type of Credit | Existing Rating | Revised Rating |
|---|---|---|---|---|
| Privi Speciality Chemicals Limited | CRISIL Ratings Limited | Long Term Credit Rating | AA- Outlook: Stable | AA- Outlook: Stable (Reaffirmed) |
| Privi Speciality Chemicals Limited | Short Term Credit Rating | A1+ | A1+ (Reaffirmed) |
The total bank loan facilities rated by CRISIL stands at Rs. 1118 Crore. The reaffirmation provided the following ratings:
- Long Term Rating: CRISIL AA-/Stable (Reaffirmed)
- Short Term Rating: CRISIL A1+ (Reaffirmed)
Details of Rated Facilities
The company's total outstanding bank facilities are segmented across various banking institutions, with ratings assigned to specific fund-based and non-fund-based limits. The detailed breakdown of the rated facilities is presented below:| S.No. | Bank Facility | Bank | Amount (Rs. in Crore) | Outstanding Rating |
|---|---|---|---|---|
| 1 | Fund-Based Facilities | Citibank N. A. | 60 | Crisil AA-/Stable |
| 2 | Fund-Based Facilities | HDFC Bank Limited | 100 | Crisil AA-/Stable |
| 3 | Fund-Based Facilities | ICICI Bank Limited | 80 | Crisil AA-/Stable |
| 4 | Fund-Based Facilities | YES Bank Limited | 115 | Crisil AA-/Stable |
| 5 | Fund-Based Facilities | Standard Chartered Bank | 50 | Crisil AA-/Stable |
| 6 | Fund-Based Facilities | RBL Bank Limited | 80 | Crisil AA-/Stable |
| 7 | Fund-Based Facilities | IDBI Bank Limited | 50 | Crisil AA-/Stable |
| 8 | Non-Fund Based Limit | ICICI Bank Limited | 40 | Crisil A1+ |
| 9 | Non-Fund Based Limit | RBL Bank Limited | 20 | Crisil A1+ |
| 10 | Non-Fund Based Limit | YES Bank Limited | 20 | Crisil A1+ |
| 11 | Non-Fund Based Limit | Standard Chartered Bank | 50 | Crisil A1+ |
| 12 | Non-Fund Based Limit | HDFC Bank Limited | 40 | Crisil A1+ |
| 13 | Non-Fund Based Limit | Citibank N. A. | 20 | Crisil A1+ |
| 14 | Non-Fund Based Limit | IDBI Bank Limited | 50 | Crisil A1+ |
| 15 | Term Loan | ICICI Bank Limited | 35 | Crisil AA-/Stable |
| 16 | Term Loan | RBL Bank Limited | 37 | Crisil AA-/Stable |
| 17 | Term Loan | HDFC Bank Limited | 271 | Crisil AA-/Stable |
| Total | Total | 1118 |
The ratings were issued by CRISIL Ratings Limited.
PRIVISCL Stock Price Movement
Shares of Privi Speciality Chemicals Limited are rallying to ₹3120.1 as of 1:15 PM, buoyed by a 1.08% climb in live trading. The stock is demonstrating strong momentum, trading on robust buying interest that has processed 27,596 shares so far.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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