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CRISIL reaffirms ratings assigned to Solar Industries’ bank facilities

05 May 2017 Evaluate

Credit rating agency, CRISIL has reaffirmed ratings assigned to Solar Industries’ bank facilities amounting to Rs 750 crore. The credit rating agency has reaffirmed ‘AA/Positive’ rating assigned to company’s long term bank facility, ‘A1+’ for the short-term bank facility and ‘A1+’ for commercial paper .

Solar Industries India manufactures various explosives products, such as Slurry and emulsion base explosives, bulk explosives, detonators, pentaerythritol tetranitrate (PETN) and accessories.

Peers
Company Name CMP
Godrej Industries 905.20
SRF 2344.00
BASF India 3051.40
Pidilite Inds. 1460.00
Tata Chemicals 595.55
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