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CRISIL upgrades rating of Meghmani Organics' long term bank facilities

17 May 2017 Evaluate

Credit rating agency, CRISIL has upgraded rating of Meghmani Organics' long term bank facilities to 'A+/ Stable' from 'A / Positive'. The rating agency has reaffirmed 'A1' rating to the company's short term bank facilities. Moreover, CRISIL has assigned 'A1' rating to the company's Commercial Paper worth Rs 50 crore.

Meghmani Organics is a leading manufacturer of pigment and pesticide products in the country and is the recipient of several prestigious awards in recognition of its outstanding business performance.

Peers
Company Name CMP
UPL 522.00
PI Industries 2245.00
Bayer CropScience 3555.45
Sharda Cropchem 710.30
Sumitomo Chem. India 417.30
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