Jubilant Agri and Consumer Products Limited (JACPL) has announced that India Ratings and Research (Ind-Ra) has withdrawn the credit rating for its bank loan facilities. Previously, the bank loan facilities, amounting to ₹6,132.85 million (₹613.28 crore), were upgraded and withdrawn. The rating was upgraded to IND A+/Stable/IND A1+ from IND A/Positive/IND A1 before its withdrawal. The company had voluntarily requested Ind-Ra to withdraw these ratings. JACPL has already informed the stock exchanges about ratings assigned by CARE Ratings Limited, which remain active.
