CRISIL downgraded Archean Chemical Industries' Rs. 1531 crore bank facilities to A-/Stable

Archean Chemical Industries Ltd announced a revision to its credit ratings, with CRISIL downgrading its ratings for Rs. 1531 Crore (enhanced from Rs. 265 Crore) of Long Term Bank Facilities from CRISIL A/Negative to Crisil A-/Stable. The rating communication from CRISIL is enclosed, and this information is also being hosted on the company’s website at www.archeanchemicals.com, in accordance with Regulation 46 of SEBI LODR, and no other rating agencies were mentioned in the disclosure.