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Created: 2025-07-02 15:27:18 UTC

Chembond Material Technologies' credit ratings have been downgraded by CRISIL. The downgrade follows the demerger of the water technologies and construction chemical businesses, approved by the National Company Law Tribunal, Mumbai Bench. 📉

- 𝗖𝗿𝗲𝗱𝗶𝘁 𝗥𝗮𝘁𝗶𝗻𝗴 𝗗𝗲𝘁𝗮𝗶𝗹𝘀:
  ▪ Total Bank Loan Facilities Rated: ₹12 Crore
  ▪ Long Term Rating: CRISIL BBB/Stable (Downgraded from 'CRISIL BBB+'; Removed from ‘Rating Watch with Negative Implications’)
  ▪ Short Term Rating: CRISIL A3+ (Downgraded from 'CRISIL A2'; Removed from ‘Rating Watch with Negative Implications’)

📊 CHEMBOND CHEMICALS LTD | 🏷️ Credit Rating

🌐 Details:

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