Meghmani Organics secures credit ratings from India Ratings, Crisil, and CRISIL agencies

Meghmani Organics Ltd announced credit rating actions from multiple agencies, including India Ratings & Research, Crisil, and CRISIL. India Ratings & Research assigned an IND A/Stable/IND A1 rating to the company's bank loan facilities amounting to 11,000 million INR, and a rating letter to BLR, while also affirming a BBB+ rating with a stable outlook for a Long Term Bank Loan of Rs 500 Crore and upgrading the Commercial Paper to A1+. Furthermore, India Ratings reaffirmed an IND AAA rating for Bank Loan Facilities, an IND BBB+ Issuer Rating, and assigned an IND AA+ rating to the Commercial Paper Program, alongside reaffirming ratings for various fund-based and non-fund-based working capital limits ranging from 50.00 to 11150.00, and term loans from Rs 225.00 to Rs 270.00, all with an IND A/Stable/IND A1 rating except for a Term Loan of Rs 159.00 with IND A/Stable, while Crisil assigned a CRISIL BB+ rating and CRISIL reaffirmed a AAA/Stable rating for Long-Term Debt.