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As on : 07-Oct-2026
Hot Pursuit
07-Oct-2026     15:31

Kanoria Chemicals secures credit ratings and reaffirmations from Infomerics and BWR agencies

Kanoria Chemicals & Industries Ltd announced credit rating assignments and reaffirmations across various banking facilities and instruments by multiple agencies. Infomerics Valuation and Rating Ltd. assigned a BBB-/Stable rating to the company's Long Term Bank Facilities and an A3 rating to its Short Term Bank Facilities; Infomerics assigned a BWR Long Term Stable rating to bank facilities and a BWR A1+ rating to short-term ratings; IVR has reaffirmed a BBB-/Stable rating to the EXIM Bank Term Loan of Rs 741, Term Loan (State Bank of India) of Rs 58.66, Cash Credit (HDFC Bank) of Rs 10.00, Cash Credit (Axis Bank) of Rs 20.00, Cash Credit (State Bank of India) of Rs 100, and a WCDL (Yes Bank) of Rs 20.00 (which is a sublimit of cash credit), alongside a rating of 43 to Letter of Credit (HDFC Bank) of Rs 30.00 and a rating of 43 to Letter of Credit (Axis Bank) of Rs 15.00, with no other rating actions or withdrawals indicated for any of the listed instruments.

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