CARE assigns ‘A+’ rating to the long term facilities of Phillips Carbon Black

Credit rating agency, Credit Analysis and Research (CARE) has assigned ‘A+’ rating to the long term facilities of Phillips Carbon Black. The agency has also assigned ‘A1+’ rating to the short term facilities of the Company.

Further, the agency has assigned ‘A1+’ rating to the short term debt of the Company.

Phillips Carbon Black, established in 1960 and a part of the RPG Group pioneered the carbon black industry in India. It is now the leading producer of carbon black in the country. In 1988 PCBL entered into a technical agreement with Columbian Chemicals Company, USA, and acquired access to the modern state-of-the-art Carbon Black technology. This resulted in the company gaining flexibility, product range, production capacity and energy conservation.