Chembond Material Technologies Rated ₹65 Crore Bank Facilities by ICRA
Chembond Material Technologies Limited's bank facilities totaling ₹65 crore have been assigned credit ratings by ICRA. The company received an ICRA BBB (Stable) rating for its cash credit facility and ICRA BBB (Stable) / ICRA A3+ for non-fund based and unallocated limits. The ratings were communicated on September 1, 2026.
A credit rating impacts a company's ability to raise debt and its borrowing costs. A stable rating for ₹65 crore of facilities is significant for the company's financial operations.
The assignment of a stable credit rating by a reputable agency like ICRA is generally viewed positively by the market as it indicates financial stability and creditworthiness.
Chembond Material Technologies Limited announced that ICRA Limited has assigned credit ratings to the company's bank facilities totaling ₹65 crore. The long-term fund-based cash credit facility has been rated ICRA BBB (Stable). Additionally, long-term/short-term non-fund based facilities and unallocated limits have been assigned ratings of ICRA BBB (Stable) / ICRA A3+.
The rating letter from ICRA, dated September 1, 2026, details the breakdown of the rated amounts. Specifically, ₹2.20 crore for the cash credit facility, ₹2.53 crore for non-fund based facilities, and ₹60.27 crore for unallocated limits. These ratings are subject to surveillance within one year and ICRA reserves the right to review them based on new information.
The company has been informed that the ratings are specific to the terms and conditions of the instruments, and any changes would necessitate a review. Investors are advised to refer to ICRA's website for the latest ratings. The announcement was made on September 1, 2026, as per SEBI regulations.
A plain-language summary of a public exchange filing by Chembond Material Technologies Limited. Read the original for the full detail.