Corporate News     21-Mar-22
Deepak Nitrite receives revision in credit ratings
From ICRA
Deepak Nitrite has received revision in credit ratings from ICRA for bank facilities worth Rs 490 crore and commercial paper of Rs 200 crore as under:

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)

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