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IOL Chemicals And Pharmaceuticals Limited, Punjab

IOL Chemicals And Pharmaceuticals Limited, Punjab

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9th April 2009
CREDIT RATINGS

Credit Analysis and Research Ltd (CARE) with reference to the exiting bank facilities of the Company has retained a "CARE BBB" (triple B) rating to the long term bank facilities aggregating to 225.8 crores of the Company including enhanced facilities of 10 crores. Facilities with this rating are considered to offer moderate safety for timely servicing of debt obligation. Further CARE has retained a "PR2" ( PR two ) rating to the short term bank facilities aggregating to 55 crore of the Company including enhanced facilities of 25 crores. Facilities with this rating would have adequate capacity for timely payment of short term debt obligation.






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