CRISIL has downgraded its Credit Rating to EID Parry's Long Term Bank Facilities and Debt Programmes to 'A+ /Stable' from 'AA-/ Stable'. The rating on the Company's short term debt and bank loan facilities has been reaffirmed at 'A1+'.
EID Parry (India) is part of the Tamil Nadu-based Rs 269 Billion Murugappa Group and the largest sugar producer in South India and is one of the top five sugar producers in the country. EID Parry, a dominant player in sugar with interests in promising areas of bio - pesticides and nutraceuticals, is one of the oldest companies in India.
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 27.85 |
| Bajaj Hindusthan Sug | 18.30 |
| Triveni Engg. & Inds | 390.00 |
| Balrampur Chini Mill | 486.15 |
| Dalmia Bharat Sugar | 388.10 |
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