By Neermoy Shah

India Ratings and Research (Ind-Ra) has assigned I G Petrochemicals Limited’s (IGPL) INR30m forward contract limit an ‘IND A1’ rating.

IGPL’s outstanding ratings, including the above, are as follows:

- Long-Term Issuer Rating: ‘IND A’; Outlook Stable
- INR250m fund-based working capital limits: ‘IND A’/Stable
- INR821.6m term loans: ‘IND A’/Stable
- INR3,350m non-fund-based limits: ‘IND A1’
- Proposed INR200m fund-based limits: ‘Provisional IND A’/Stable
- Proposed INR200m non-fund-based limits: ‘Provisional IND A1’
- Proposed INR200m non-convertible debentures: ‘Provisional IND A’/Stable
- INR30m forward contract limit: ‘IND A1’

For IGPL’s rating rationale, please click 
here


SOLICITATION DISCLOSURES

Additional information is available at www.indiaratings.co.in. The ratings above were solicited by, or on behalf of, the issuer, and therefore, India Ratings has been compensated for the provision of the ratings.

Ratings are not a recommendation or suggestion, directly or indirectly, to you or any other person, to buy, sell, make or hold any investment, loan or security or to undertake any investment strategy with respect to any investment, loan or security or any issuer. 

DISCLAIMER

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Applicable Criteria

Analyst Names

  • Primary Analyst

    Neermoy Shah

    Senior Analyst
    India Ratings and Research Pvt Ltd Wockhardt Towers, 4th floor, West Wing Plot C-2, G Block. Bandra Kurla Complex Bandra (East), Mumbai 400051
    +91 22 40001721

    Media Relation

    Mihir Mukherjee

    Manager Corporate Communications and Investor Relations
    +91 22 40356121