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Styrenix Performance Materials informs about credit rating

22 Mar 2023 Evaluate
Styrenix Performance Materials has informed that the Company does not have any long-term debt instruments or any fixed deposit program or any scheme or proposal involving mobilization of funds, in India or abroad. Hence, no credit rating is obtained in relation to the same. However, due to the working capital facilities that the Company utilizes from its bankers, a general credit rating is required to be obtained by the Company. On the basis of recent developments including operational and financial performance of Company for FY22 (Audited) and 9MFY23 (Provisional), conclusion of stake sale by former promoter group and subsequent change in ownership of the company, the Rating Committee has reaffirmed the ratings and removed the Company from 'Rating Watch with Developing Implications' category as enclosed.

The above information is a part of company’s filings submitted to BSE.

Styrenix Performance Share Price

2188.40 -31.30 (-1.41%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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SRF 2464.40
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