Mangalam Organics announced that CRISIL has upgraded and reaffirmed its rating and outlook for various credit facilities of the company.
CRISIL has revised the Long-Term Rating for various credit facilities to CRISIL A-/Positive (outlook revised from 'Stable' and ratings reaffirmed) from CRISIL A-Stable.
CRISIL has revised the Short-Term Rating for various credit facilities to CRISIL A2+ (outlook and ratings reaffirmed) from CRISIL A2+.
The announcement was made after market hours yesterday, 17 June 2021. Shares of Mangalam Organics fell 1.32% to settle at Rs 806.20 yesterday.
Mangalam Organics is engaged in the business of manufacturing of camphor, resin and sodium acetate.
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