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CARE revises rating of Himadri Speciality’s bank facilities

22 Dec 2016 Evaluate

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.

 

Himadri Speciality Share Price

493.15 4.00 (0.82%)
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