PCBL maintains strong credit ratings for debt and bank facilities

PCBL Chemical Limited announced the reaffirmation of its credit ratings for a non-convertible debenture (NCD) issue and various bank facilities. The NCD issue, valued at INR 700.00 crores, received a "CARE AA; Stable" rating from CARE Ratings, indicating a high level of safety for timely servicing of financial obligations.

In a separate announcement, PCBL also confirmed the reaffirmation of credit ratings for its bank facilities, totaling INR 5240.00 crores. This includes INR 1325.00 crores in Long Term Bank Facilities rated "CARE AA; Stable," INR 3815.00 crores in Long Term / Short Term Bank Facilities rated "CARE AA; Stable / CARE A1+," and INR 100.00 crores in Short Term Bank Facilities rated "CARE A1+."

The consistent ratings across both debt instruments and bank facilities underscore PCBL Chemical Limited's stable financial health and strong capacity to meet its short and long-term financial commitments.