Pursuant to Regulation 30 and any other provisions of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, IOL Chemicals & Pharmaceuticals has informed that CARE has improved the credit rating by 2 notch for Long term Bank Facilities of the Company to ‘CARE BBB-;Stable’ (Triple B Minus; Outlook: stable) from ‘CARE BB; Stable’ (Double B; Outlook: stable). The CARE ratings have also improved the credit rating for Short Term Bank Facilities of the Company to ‘CARE A3’ from ‘CARE A4’.
The above information is a part of company’s filings submitted to BSE.
