ICRA assigns ratings to debt borrowing programme of Kothari Petrochemicals

Credit rating agency, ICRA has assigned ratings to the debt borrowing programme of Line of Credit of Kothari Petrochemicals. The agency has assigned ‘BBB+’ on long-term scale of the company. The outlook on the long-term rating has been revised to stable from negative. The credit rating agency has also assigned ‘A2’ rating on short-term scale of the company. The said ratings are valid till January 31, 2015. Kothari Petrochemicals is a part of the renowned HC Kothari Group, the largest producer of premium quality Polybutene in India. KVIS is the trade name of polybutene produced by Kothari Petrochemicals.