CARE ups Meghmani Finechem credit rating

Meghmani Organics informed the exchanges that rating agency Credit Analysis & Research has revised its rating upwards on Meghmani Finechem, in which it holds 57 per cent stake. For long-term bank facilities, the rating has been revised from CARE BBB (triple B) to CARE BBB+ (Triple B Plus) and for short-term bank facilities from CARE A3+ (A Three Plus) to CARE A2 (A Two).