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CRISIL reaffirms ratings assigned to bank facilities of Insecticides (India)

07 Aug 2015 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) is a 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 553.15
PI Industries 2386.70
Bayer CropScience 3772.10
Sharda Cropchem 761.50
Sumitomo Chem. India 463.50
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