Styrenix performance materials' credit rating outlook upgraded to positive by CARE

Styrenix Performance Materials Limited has informed stock exchanges about an update to its credit ratings. CARE Ratings Ltd. has reaffirmed the company's long-term and short-term bank facilities rating as CARE A+ and CARE A1+, respectively. The total bank facilities rated amount to Rs. 650.00 crore.

Crucially, the outlook for these ratings has been revised from stable to positive. This upgrade reflects a more optimistic view of the company's financial health and stability. The announcement was made by Chintan Doshi, manager legal & company secretary for Styrenix Performance Materials Limited, on October 10, 2025.