KG Petrochem Ltd

KG Petrochem Ltd

KG Petrochem Ltd announced that CARE Ratings Limited has reaffirmed its credit ratings for various bank facilities. The Long Term Bank Facilities rating remains CARE BBB-; Stable, with the sanctioned amount reduced from Rs. 13.02 crore to Rs. 4.74 crore. Similarly, the Long Term / Short Term Bank Facilities are reaffirmed at CARE BBB-; Stable / CARE A3, with the amount reduced from Rs. 91.00 crore to Rs. 67.00 crore. The Short Term Bank Facilities rating of CARE A3 was also reaffirmed, signifying continued credit stability.