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As on : 12-Sep-2026
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12-Sep-2026     15:55

Balaji Amines Ltd. sees credit ratings withdrawn after settling bank loan facilities

Balaji Amines Ltd announced the withdrawal of credit ratings assigned to its bank loan facilities by India Ratings and Research (Ind-Ra) following the receipt of No Dues Certificates from all bankers and a withdrawal request submitted by the company, reflecting its current lack of outstanding bank exposure. Specifically, Ind-Ra has withdrawn the 'WD IND AA'/Negative/IND A1+ rating for the bank loan facilities, previously assigned on September 22, 2023, and the 'WD' Issuer Rating for the long-term, both previously affirmed on June 13, 2025, and initially assigned on March 14, 2024, covering rated limits of INR 1,950 million for bank loan facilities with a Long-term/Short-term rating.

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