Andhra Petrochemicals Ltd — Important, 01-01-1970: Company Update

The Andhra Petrochemicals Limited has received revised ICRA credit ratings. The long-term unallocated limits of Rs. 57.18 Cr and long-term fund-based working capital facilities of Rs. 35.00 Cr have been downgraded from [ICRA]A- (Negative) to [ICRA]BBB+ (Negative). This marks a reassessment of the company's long-term credit risk. Conversely, the short-term non-fund based working capital facilities of Rs. 2.00 Cr have been reaffirmed at [ICRA]A2+. This update reflects changes in the company's overall credit profile.