Asahi Songwon Colors Limited — Credit Ratings, 08-04-2026: Credit Rating

CARE Ratings has reaffirmed Asahi Songwon Colors' long-term bank facilities at CARE A; Positive and short-term facilities at CARE A1. The outlook is Positive. This reflects ASCL's established operating track record, experienced management, and improved financials in FY25. The positive outlook anticipates higher cash flow from Azo pigment and API segments, strengthening financial metrics and debt coverage.