Gujarat Alkalies & Chemicals Ltd announced credit rating actions from multiple agencies, including CARE Ratings Limited, CARE Ratings, and India Ratings & Research. CARE Ratings Limited reduced the Long Term Bank Facilities amount from Rs. 482.34 Crore to Rs. 372.63 Crore and downgraded the Long Term Bank Facilities to CARE AA-; Stable from CARE AA; Stable, while reaffirming the Short Term Bank Facilities at CARE A1+; the agency also reaffirmed the Commercial Paper issue of Rs. 100 Crore at CARE A1+. India Ratings & Research assigned an IND AAA rating to the Commercial Paper Program of Rs. 100 crore, and CARE Ratings reaffirmed its CARE AAA rating for Bank Loan Facilities amounting to Rs. 500 crore, alongside reaffirming Long-term bank facilities at AAA with a stable outlook, and reaffirming Bank Facilities with a stable outlook; further details regarding ratings from CARE Ratings Ltd. indicate a surveillance/review process, and a review with an "ISSUER NOT COOPERATING" status for Bank Facilities, while CareEdge Ratings provided ratings reflecting opinions subject to change.
