Credit rating agency, CARE has revised rating of IOL Chemicals & Pharmaceuticals’ long-term bank facilities to ‘BB (Stable)’ from ‘BB-’. The rating agency has reaffirmed ‘A4’ rating to the company’s short-term bank facilities.
IOL Chemicals & Pharmaceuticals is one of the largest manufacturers of APIs and specialty chemicals with presence in over 57 countries across the world. It manufactures and supplies APIs and specialty chemicals for use in various pharmaceutical, textile, packaging, lamination, pesticides and food processing applications.
