Credit rating agency, ICRA has assigned ‘A1+’ rating to the issue of Commercial Paper/Short Term Debt Programme amounting Rs 100 crore of Mcleod Russel India.
Mcleod Russel India is the largest tea producing company in the world. In July 2005 McLeod Russel acquired Borelli Tea Holdings from the Magor family based in England and took over the 17 tea gardens of its Indian subsidiary Williamson Tea Assam. McLeod Russel is the largest tea exporter from India with a strong customer base in United Kingdom and Europe.
