Pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (the ‘Regulations’), Panama Petrochem has informed that CARE Ratings has assigned the ratings on the Bank Facilities of the Company, as follows: Reaffirmed the rating, on long term bank facilities to CARE A+; Stable and Upgraded the rating, on short term bank facilities to CARE A1+ from CARE A1.The company has enclosed Press Release dated July 05, 2023, issued by the credit rating agency is enclosed.
The above information is a part of company’s filings submitted to BSE.
