Credit rating agency, Credit Analysis & Research (CARE) has reviewed and assigned the credit rating of ‘A’ to long term bank facilities (Term Loan) of Dhunseri Petrochem & Tea (DPTL) and ‘A / A1’ to Long Term/Short term Bank facilities (Fund Based) of the company. The agency has also reviewed and assigned the rating of ‘A1’ to short term bank facilities (Non-Fund Based).
Further, CARE has withdrawn the ratings assigned to the long term bank facilities (Fund Based) amounting to Rs 65.00 crore of Tea Division of erstwhile DPTL rated by them with immediate effect since the said bank facilities is transferred to Dhunseri Tea & Industries (DTIL) due to demerger of tea division into DTIL.
At the same time CARE has reviewed and assigned the credit rating of ‘A1’ to the Short Term Debt (STD) programme (including Commercial Paper) of the company of Rs 100 crore for a maturity not exceeding one year.
