Kanoria Chemicals & Industries announced that Care Ratings has revised the rating for the long-term bank facilities of the Company as CARE BBB+; Stable (Triple B Plus; Outlook:Stable) from the existing rating of CARE A-; Stable (Single A Minus; Outlook: Stable) and rating for the short-term bank facilities as CARE A2 (A Two) from the existing rating of CARE A2+ (A Two Plus) on account of moderation in the financial performance in Q4FY23 leading to lower than expected full year FY23 performance.
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