Credit rating agency, CRISIL has reaffirmed ‘AAA/Stable’ rating of ITC’s long term bank facilities. The rating agency has also reaffirmed ‘A1+’ to the company’s short term bank facilities.
The ratings on the bank facilities of the company continue to reflect its excellent business risk profile with a presence in diverse businesses, dominant position in the Indian cigarette market, and strong sustainable profitability. The ratings also factor in the company’s exceptionally strong financial position.
ITC, a diversified conglomerate has business interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.
