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Gujarat Alkalies & Chemicals gets ratings reaffirmed for term facilities

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Capital Market

From CARE

Gujarat Alkalies & Chemicals announced that the Credit Analysis & Research (CARE) vide letter dated 25 August 2014, has reaffirmed rating of:

1. CARE AA[Double A Plus] for Long Term Facilities of Rs. 345.69 crore (reduced from Rs. 383.33 crore);

2. CARE A1+ [A One Plus] for Short Term Facilities of Rs. 45.00 crore; and

3. CARE A1+[A One Plus] for Short Term Debt / Commercial Paper Issue for an amount aggregating to Rs. 100 crore for a maturity not exceeding one year.

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First Published: Sep 06 2014 | 1:43 PM IST

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