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ICRA reaffirms Parrys Sugar Industries’ long term ratings at BBB+

09 Jan 2012 Evaluate

Credit rating agency, ICRA has reaffirmed Parrys Sugar Industries’ long term ratings at BBB+ and short term ratings at A2. The aforesaid ratings are valid till January 02, 2013.

Parrys Sugar Industries (PSIL) is a distinguished and rapidly expanding sugar producer in India. PSIL, a subsidiary of EID Parry (India), is one of the fastest growing organizations in India. It has three sugar plants with a combined crushing capacity of 11,500 tonnes of cane per day (TCD).

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