Fairchem Organics Ltd's Credit Rating Reaffirmed by CARE Ratings for Bank Facilities
Fairchem Organics Ltd has seen its credit ratings reaffirmed by CARE Ratings Limited following an annual review, covering various long term and short term bank facilities. The reaffirmation provides a strong indication of the company's financial stability across its lending requirements.CARE Ratings Limited issued the rating notice confirming the status of these facilities. The reaffirmation covers several key categories of banking arrangements utilized by Fairchem Organics Ltd.
A detailed overview of the facilities, their amounts, ratings, and the action taken is presented below:
| Facilities | Amount (Rs. Crores) | Rating | Action |
|---|---|---|---|
| Long Term Bank Facilities | 173.99 (Enhanced from Rs. 123.99 Crores) | CARE A; Stable | Reaffirmed |
| Long Term/Short Term Bank Facilities | 2.25 | CARE A; Stable/CARE A1 | Reaffirmed |
| Short Term Bank Facilities | 5.00 | CARE A1 | Reaffirmed |
The reaffirmation of the long term bank facilities shows an enhancement, with the amount now standing at Rs. 173.99 Crores from the previous figure of Rs. 123.99 Crores. The ratings for all listed banking arrangements were reaffirmed by CARE Ratings Limited.
FAIRCHEMOR Stock Price Movement
As of 11:47 AM, shares of Fairchem Organics Limited are surging as they climb to ₹674.5, edging up by 4.79%. The stock trades within a wide intraday range, having fluctuated between a low of ₹639.15 and a high of ₹680.85, amidst trading volume of 16,284 shares.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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