IOL Chemicals and Pharmaceuticals Limited — Credit Ratings, 01-07-2025: Credit Rating- Revision

CARE Ratings Limited has reaffirmed IOL Chemicals and Pharmaceuticals Limited’s credit ratings at CARE A+ (Stable) for long-term fund-based working capital facilities of Rs 200 Cr and CARE A1+ for short-term non-fund-based working capital facilities of Rs 500 Cr. The stable outlook reflects the company’s consistent financial health and stable liquidity position. This rating reaffirmation supports the company’s ability to maintain favorable borrowing costs, thereby sustaining investor confidence and preserving financial flexibility for ongoing operations and growth initiatives.