Oriental Aromatics Limited (OAL) announced today that ICRA Limited, a leading credit rating agency, has reaffirmed the credit ratings for various instruments of the company. The ratings include [ICRA]A- (Stable) for long-term fund-based term loans amounting to Rs. 28.33 crore and [ICRA]A- (Stable)/[ICRA]A2+ for long-term/short-term fund-based/non-fund-based limits amounting to Rs. 345.55 crore.
This reaffirmation of credit ratings reflects ICRA's confidence in OAL's financial stability and its ability to meet its debt obligations. It also signifies that the company's creditworthiness remains unchanged despite the challenging economic conditions.
OAL is a leading manufacturer of aroma chemicals and camphor in India. The company's diverse product portfolio and strong market position have contributed to its stable financial performance over the years. This reaffirmation of credit ratings is a positive development for the company and its stakeholders.
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