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CRISIL upgrades ratings assigned to bank facilities of Aarti Industries

03 Oct 2016 Evaluate

Credit Rating agency, CRISIL has upgraded debt securities rating of Aarti Industries’ long term rating and NCDs from ‘A+/Positive Outlook’ to ‘AA-/Stable Outlook’. The company’s short term rating has also been upgraded from ‘A1’ to ‘A1+’.

Aarti Industries is engaged in manufacturing of dyes, pigments, pharmaceuticals, agro chemicals and rubber chemicals. It operates in four segments: basic chemicals, specialty chemicals, agro chemicals and pharmaceuticals.

Peers
Company Name CMP
Godrej Industries 1096.50
SRF 2544.35
BASF India 3547.45
Pidilite Inds. 1561.40
Tata Chemicals 664.20
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