17-Aug-2026      16:17

Paramount Cosmetics’ CARE Ratings withdrew ratings after repayment of Rs 2.53 in loan facilities

Paramount Cosmetics (India) Ltd announced that CARE Ratings has withdrawn ratings on several of its instruments following the company's repayment of outstanding loan facilities, including Bank facilities with a not specified amount, Fund-based – LT – Cash Credit of Rs 5.00, Fund-based – LT – Term Loan of Rs 0.27, Fund-based – LT – Term Loan of Rs 1.32, Fund-based – LT – Working capital of Rs 0.94, Term Loan of Rs 1.00, and Non-fund-based – ST-ILC/FLC, all previously rated CARE B or CARE A4; CARE Ratings Limited (CareEdge Ratings) has also withdrawn ratings for Bank Facilities with a Not Available amount; additionally, CARE Ratings Limited has withdrawn ratings for Long Term Bank Facilities and Short Term Bank Facilities, citing RBI action, while noting that information regarding ratings on Corporate Bonds and Debentures and Commercial Papers is unavailable; the agency also maintains a Stable outlook on outstanding Fund-based – LT – Term Loan, Fund-based – LT – Working capital, and Fund-based – LT – Cash Credit instruments, each with an unspecified amount, and a CARE B rating, valid through February 24, 2026.

News source: Capital Market - Live News