PANAMA PETROCHEM LTD. - 524820 - Announcement under Regulation 30 (LODR)-Credit Rating
Pursuant to the requirement of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that ICRA Limited has upgraded the Company''s credit rating, on the basis of healthy financial profile characterised by strong revenue growth in FY2021 on the back of growing demand from end user industries and improved sales realisation and comfortable capital structure and coverage indicators Revised/upgrade the rating, on long term bank facilities /fund based limits to [ICRA]A(Stable); from [ICRA]A-(Stable) Revised/upgrade the rating, on short term bank facilities/ non -fund based limits to [ICRA]A1; from [ICRA]A2+01-10-2021