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CRISIL assigns BBB+ rating to LT Foods’ long term bank facility

08 Mar 2016 Evaluate

Credit rating agency CRISIL has assigned BBB+ rating with stable outlook to LT Foods’ long term bank facility. The rating agency has also assigned ‘A2’ rating to the company’s short term bank facility.

LT Foods is one of the country’s leading processor and exporter of packaged rice foods under the flagship brand “Daawat”. The brand is among the top players in the domestic branded Basmati Rice markets

Peers
Company Name CMP
Nestle India 1353.10
Varun Beverages 421.80
Britannia Industries 5016.00
LT Foods 422.75
Hatsun Agro Product 1139.40
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