Credit rating agency, CARE has reaffirmed ‘BBB- (Negative)’ rating to Vishnu Chemicals’ long term bank facilities worth Rs 227.12 crore and ‘A3’ rating to company’s short term bank facilities worth Rs 114.35 crore.
The ratings assigned to the bank facilities of Vishnu Chemicals (VCL) continue to derive strength from the promoter’s experience and long track record of the company, diversified revenue profile with wide geographical presence catering to both domestic and international markets, stable order book position coupled with long standing association with reputed clientele and satisfactory operational performance with improvement in capacity utilization during FY16.
