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India Ratings upgrades ratings assigned to bank facilities of IG Petrochemicals

17 Jul 2015 Evaluate

Credit rating agency, India Ratings & Research has upgraded the ratings assigned to bank facilities of IG Petrochemicals. The credit rating agency has upgraded the long-term borrowings from ‘BBB+’ to ‘A-’ while the short-term rating has been upgraded from ‘A2+’ to ‘A1’.

IG Petrochemicals is a dominant player in the domestic Phthalic Anhydride (PAN) industry. IGPL has its manufacturing facilities located at Taloja, Maharashtra.



Peers
Company Name CMP
Godrej Industries 1021.20
SRF 2490.00
BASF India 3411.40
Pidilite Inds. 1470.00
Tata Chemicals 607.90
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