Credit rating agency, CARE has revised rating of Himadri Speciality Chemical’s long term bank facilities to ‘A’ from ‘A-’. The rating agency has also revised rating of the company’s short term bank facilities to ‘A1’ from ‘A2+’. Further, the rating agency has revised rating of the company’s Non convertible debentures (NCDs) to ‘A’ from ‘A-’.
Himadri Speciality Chemical (formerly Himadri Chemicals & Industries) is a specialty carbon manufacturer. The company is engaged in the business of manufacturing various grades of coal tar pitch and other byproducts derived during the distillation process.
