Long term rating - ICRA AA; Positive (rating reaffirmed and outlook revised from Stable) Short term rating - ICRA A1+
The company's subsidiary, Deepak Phenolics received upgrade in credit ratings for bank facilities worth Rs 756.27 crore as under:
Long term rating - ICRA AA; Positive (upgraded from ICRA AA-; Stable) Short term rating - ICRA A1+ (reaffirmed)