Credit rating agency, India Ratings and Research has upgraded the long term issuer credit rating of Prabhat Dairy to ‘A’ with stable outlook from ‘BBB+’ with stable outlook. The rating agency has upgraded the rating after taking a consolidated view of Prabhat Group comprising of the Company and its subsidiary i.e. Sunfresh Agro Industries.
The company is an integrated milk and dairy products company in India catering to institutional as well as retail customers. It produces fresh, dry, frozen, cultured and fermented dairy products, including pasteurized milk, flavoured milk, sweetened condensed milk, ultra-pasteurised or ultra-high temperature (UHT) milk, yoghurt, dairy whitener, clarified butter (ghee), milk powder, ingredients for baby foods, lassi and chaas.
