Anupam Rasayan India Limited has announced an update regarding its credit rating from India Ratings and Research (Ind-Ra). The rating agency has maintained the Issuer Rating at 'IND AA-' with Rating Watch Negative Implications. For Bank loan facilities, the rating remains 'IND AA-' with Rating Watch Negative Implications and 'IND A1+' with Rating Watch Negative Implications. Additionally, Ind-Ra has assigned a rating of 'IND AA-' with Rating Watch Negative Implications to Non-convertible debentures worth ₹1,600 million (₹160 crore). The rating action for these instruments has been assigned with a Rating Watch. The total outstanding bank loan facilities have been reduced from ₹11,961 million to ₹7,275 million (₹727.5 crore). The company has also issued new bank loan facilities worth ₹8,880 million (₹888 crore), with the same rating watch status. The Rating Rationale from India Ratings and Research is enclosed with this intimation and will be hosted on the company's website.
