Credit rating agency, CRISIL has assigned ‘A1+’ rating to Rs 35 crore short term debt programme of Godfrey Phillips India. The rating agency has also assigned short term rating of ‘A1+’ and long term rating of ‘AA+/Stable’ to the company in respect of working capital facilities.
Godfrey Phillips India’s core business is manufacturing cigarette. Under this division has created brands like Four Square, Red and White, Jaisalmer, Cavanders and Tipper. The company has also initiative in developing products such as Stellar, the first slim cigarette and I-gen, the first euro norm cigarette in India.
