Credit rating agency, CARE has reaffirmed the rating ‘A1+’ assigned to the short term facilities (borrowings up to one year) of Atul. The credit rating agency has also reaffirmed the rating of ‘A1+’ to the Commercial Paper (CP) issue. Besides, the agency has revised rating from ‘AA’ to ‘AA+’ assigned to the long-term facilities (borrowings for more than one year) of the company.
Atul is a member of Lalbhai Group, one of the oldest business houses of India, with interests mainly in textiles and chemicals. The Group is strongly committed to serve the society in the fields of education, health as well as culture. The company operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers.
