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Entity-Specific Rating Rationales

31 Mar 2026

Performance Chemiserve Limited: Ratings placed on watch with developing implications

Performance Chemiserve Limited: Ratings placed on watch with developing implications

27 Feb 2025

Performance Chemiserve Limited: Ratings upgraded to [ICRA]AA- (Stable)/[ICRA]A1+ for bank lines; rating for NCD programme reaffirmed, outlook revised to Positive & withdrawn

Performance Chemiserve Limited: Ratings upgraded to [ICRA]AA- (Stable)/[ICRA]A1+ for bank lines; rating for NCD programme reaffirmed, outlook revised to Positive & withdrawn

29 Feb 2024

Performance Chemiserve Limited: Long-term rating reaffirmed; short-term rating assigned

Performance Chemiserve Limited: Long-term rating reaffirmed; short-term rating assigned

13 Jun 2023

Performance Chemiserve Limited: Rating reaffirmed and provisional rating finalised

Performance Chemiserve Limited: Rating reaffirmed and provisional rating finalised

23 May 2023

Performance Chemiserve Limited: Provisional [ICRA]AA-(CE) (Stable) assigned to proposed NCD programme and earlier ratings reaffirmed

Performance Chemiserve Limited: Provisional [ICRA]AA-(CE) (Stable) assigned to proposed NCD programme and earlier ratings reaffirmed

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Entity-Specific Credit Perspective Reports

11 May 2026

Performance Chemiserve Limited

Performance Chemiserve Limited (Non-SF)

16 Apr 2025

Performance Chemiserve Limited

Performance Chemiserve Limited (Non-SF)

19 Mar 2024

Performance Chemiserve Limited

Performance Chemiserve Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Short-term – Unallocated limits – Unallocated limits [ICRA]A1+ Rating Watch with Developing Implications -- -- --
Long-term – Fund-based – Term Loan -- -- [ICRA]AA- Rating Watch with Developing Implications --
Non Convertible Debenture -- -- Withdrawn --

Our Analysts

Analyst 1

Aryan Jaiswal

Analyst 2

Varun Gogia1

Sector Head

Girish kumar Kadam
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