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CRISIL reaffirms ratings assigned to bank-facilities of Insecticides

10 Oct 2014 Evaluate

Credit rating agency, CRISIL has reaffirmed Bank Loan Ratings to Insecticides (India)’s bank facilities for Long-term Rating (Fund Based as Cash Credit / Term Loan / Overdraft and Working Capital Facility) at ‘A / Negative’ and Short-term Rating (Non-fund Based as Letter of Credit / Buyer’s Credit) at ‘A2+’.

Insecticides India’s leading agro-chemical and pesticides manufacturer. The company has formulation facilities in Chopanki in Rajasthan, Samba and Udhampur in Jammu & Kashmir and Dahej in Gujarat. It also has plants at Chopanki and Dahej to manufacture technical grade chemicals.

Peers
Company Name CMP
UPL 516.00
PI Industries 2188.00
Bayer CropScience 3279.25
Sharda Cropchem 683.25
Sumitomo Chem. India 321.15
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