Vishnu Chemicals Limited — Credit Ratings, 31-12-2024: Credit Rating- Revision

M/s. Care Ratings Limited (CARE) has reaffirmed the credit ratings for Vishnu Chemicals Limited, maintaining a Long Term Bank Facility rating of CARE A- with a Stable outlook for the revised amount of ₹166.28 crore, down from ₹168.75 crore. The Short Term Bank Facilities of ₹4.65 crore have been newly assigned a rating of CARE A2+, while the existing Short Term Bank Facilities of ₹78.45 crore continue to hold the same rating.

The reaffirmation comes in light of the company's operational and financial performance in FY24 and the first half of FY25. This stable rating reflects Vishnu Chemicals' consistent revenue generation and overall financial health, despite challenges posed by market conditions. The short-term ratings indicate a reliable performance capability in meeting near-term financial obligations.

The implications of this rating action could influence the company's borrowing costs positively, potentially providing more favorable terms for future financial instruments. Investor sentiment may remain stable, given the reaffirmed credit positioning, supporting confidence in the company’s strategic direction and operational capabilities.