MoneyWorks4Me

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 1103.75
SRF 2544.90
BASF India 3664.25
Pidilite Inds. 1575.00
Tata Chemicals 694.60
View more..