NACL Industries Limited — Credit Ratings, 22-08-2025: Credit Rating

CRISIL upgraded bank facilities for NACL Industries (Rs. 915 Cr) to 'BB+/A4+' and its subsidiary NACL Spec-Chem (Rs. 175 Cr) to 'BB/A4+', both with a 'Watch Positive' outlook. Earlier 'D' ratings due to payment delays were promptly reversed, thanks to improved liquidity and consistent timely repayments following Coromandel International's acquisition.