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Laxmi Organic Industries Ltd. ( (IN:LXCHEM) ) has provided an update.
Laxmi Organic Industries Ltd. announced that India Ratings and Research has revised the outlook on its bank loan facilities to ‘Negative’ from ‘Stable’, while reaffirming the ratings at ‘IND AA/Negative/IND A1+’. The agency also reaffirmed the company’s ‘IND A1+’ rating on its commercial paper, signaling continued confidence in its short-term creditworthiness despite increased caution over its longer-term credit profile, which may influence borrowing costs and investor perception of the company’s financial risk.
More about Laxmi Organic Industries Ltd.
Laxmi Organic Industries Ltd. is an Indian specialty chemicals company engaged in manufacturing and supplying various chemical products, serving industrial customers in domestic and international markets. Its operations rely significantly on bank loan facilities and commercial paper for funding working capital and growth requirements.
Average Trading Volume: 37,618
Technical Sentiment Signal: Sell
Current Market Cap: 47.52B INR
For detailed information about LXCHEM stock, go to TipRanks’ Stock Analysis page.