India Pesticides Ltd announced credit rating actions from multiple agencies, with CARE Ratings Limited reaffirming its ratings on the company's Bank Facilities at CARE A+; Stable/ CARE A1+ for the long term and short term, respectively, with an enhancement from Rs 80.00 crore to Rs 100.00 crore for the Long Term / Short Term Bank Facilities, and reaffirming the Short Term Bank Facilities at CARE A1+; additionally, CARE Ratings assigned a rating of CARE A+; Stable to Long Term Bank Loan facilities aggregating to Rs 200 crore and a rating of CARE A2+ to Commercial Paper, noting that a surveillance/review is possible annually, while also indicating that another set of Bank Facilities are under review due to ISSUER NOT COOPERATING; CRISIL assigned a rating of CRISIL A+/Stable to Long Term Bank Loan facilities aggregating to Rs 200 crore, and CareEdge Ratings provided a rating reflecting opinions as on the date of the rating for Bank facilities/instruments, without specifying amounts or ratings, while other agencies provided no rating information.
