Skip to main content

MoneyWorks4Me

ICRA keeps bank facilities of Parrys Sugar Industries under watch

10 May 2012 Evaluate

Credit rating agency, ICRA has kept the assigned long term rating of ‘BBB+’ and short term ratings of ‘A2’ of Parrys Sugar Industries on ‘watch with negative implications’. Earlier, ICRA had assigned the long term rating of ‘BBB+’ and short term ratings of ‘A2’ to the Rs 723.72 crore bank lines of the company.

Parrys Sugar Industries (PSIL) is a distinguished and rapidly expanding sugar producer in India. PSIL, a subsidiary of EID Parry (India), is one of the fastest growing organizations in India. It has three sugar plants with a combined crushing capacity of 11,500 tonnes of cane per day (TCD).

Peers