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India Ratings (Ind-Ra) downgraded Khaitan Chemicals & Fertilizers' existing bank facilities (₹491.31 Cr) and assigned new ones (₹45 Cr) to 'IND BBB-'. The outlook is 'Rating Watch with Developing Implications', a downgrade from 'IND BBB/Stable'. This reflects constrained financial flexibility and subdued SSP profitability due to rising raw material costs from the West Asia conflict, straining liquidity. Future rating depends on pricing power and raw material availability.
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