J.G.Chemicals Ltd. receives CARE A+ ratings on bank facilities totaling 17.75, supported by Citi and HDFC Bank
J.G.Chemicals Ltd announced that CARE Edge Ratings and CARE Ratings Limited have jointly assigned ratings of CARE A+; Stable to its Long Term Bank Facilities amounting to 17.75, and CARE A+; Stable / CARE A1+ to its Long Term / Short Term Bank Facilities amounting to 2.00; additionally, CARE Ratings Ltd. disseminated information regarding fund-based limits of 9.75 sanctioned and tied up with Citi Bank, and 8.00 sanctioned and tied up with HDFC Bank Ltd., alongside non-fund-based limits of 2.00 with HDFC Bank Ltd. (BG/LC), while noting that rating information was not available for certain instruments and that ratings may be revised/reaffirmed/withdrawn based on periodic review, and continuous monitoring is in place for bank facilities; CareEdge Ratings indicated that the ratings reflect opinions as on the date of the rating.