CRISIL Reaffirms Credit Score Scores On Chembond Chemical Substances' Financial Institution

Crisil Scores has reaffirmed its ‘Crisil BBB + / Fastened / Crisil A2’ score on Chambond Chemical substances Ltd.’s financial institution amenities. Crisil Scores has additionally withdrawn its score on Chambond’s Rs 7 crore money credit score facility. Withdrawals are based mostly on the shopper’s request and are inline with the CRISIL score coverage upon score withdrawal.Logically, the scores proceed to mirror the established market place of the Chambond Group, which has a various sub-segment presence within the specialty chemical compounds sector with wholesome monetary threat profiles. These powers are partially offset by working capital-intensive operations and publicity to intense competitors within the specialty chemical compounds trade.

To achieve its scores, Crisil Scores continues to hyperlink Chambond’s enterprise and monetary threat profiles to its subsidiaries.

At 11:48 a.m., Chambond Chemical substances is buying and selling at Rs. Had been buying and selling at Rs 219.85, up 0.9 or 0.41%.


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