ICRA Ratings Announce Credit Facilities for Himadri Speciality Chemical Ltd; Working Capital Rating Upgraded
ICRA Limited has assigned credit ratings to various financial facilities and instruments of Himadri Speciality Chemical Ltd, providing updated insights into the company's creditworthiness. The rating assignment details cover both fund-based and non-fund based working capital, as well as commercial paper for the company.According to the ratings provided by ICRA Limited, the long term rating for Fund Based/Non-Fund Based Working Capital has been upgraded. The short term rating was reaffirmed following the review. Furthermore, the outlook on this facility was revised from Positive to Stable.
The credit status of Commercial Paper was also reviewed and affirmed by the agency.
A detailed breakdown of the facilities and their associated ratings is provided below:
| Facilities | Amount (In Crore) | Assigned Rating | Key Remarks |
|---|---|---|---|
| Fund Based / Non-Fund Based Working Capital | 1980.86 | [ICRA]AA (Stable) / [ICRA]A1+ | Long term rating upgraded from [ICRA]AA- (Positive); Outlook revised to Stable from Positive; short term rating reaffirmed |
| Commercial Paper | 500.00 | [ICRA]A1+ | Reaffirmed |
The ratings assignment reflects the company's current financial standing across these major credit facilities, demonstrating improved outlook in the long-term working capital segment and reaffirming the status of its commercial paper issue.
HSCL Stock Price Movement
On Friday, Himadri Speciality Chemical Limited stock rallied through a session, closing at ₹660.45 after gaining 1.53% against the previous close. The shares were actively traded throughout the day, with volumes totaling 2.61 million 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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