Camlin Fine Sciences Limited — Credit Ratings, 07-01-2026: Credit Rating- Revision

India Ratings has downgraded Camlin Fine Sciences' bank loan facilities, worth INR 469.92 Cr. The long-term rating is now IND BBB- (from IND BBB) and short-term IND A3 (from IND A3+), with a Stable Outlook. This reflects expected weak FY26 performance due to higher fixed costs, increased working capital in the vanillin business, and US tariff impacts, which will worsen its credit profile.