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    ALPHA TRIBE

    Thirumalai Chemicals Limited — Credit Ratings, 13-01-2026: Credit Rating

    13-01-2026 | 06:06 pm

    ICRA Limited has downgraded Thirumalai Chemicals' long-term ratings to [ICRA]BBB+ (Negative) and short-term ratings to [ICRA]A2 for various debt instruments, including NCDs, term loans, and working capital facilities. This downgrade reflects the moderation in the company's performance and increased US project costs.

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