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CARE upgrades ratings assigned to NACL Industries’ bank facilities

07 Oct 2017 Evaluate

Credit rating agency, CARE has upgraded NACL Industries’ long term rating from ‘BBB+/positive’ to ‘A-/stable’ worth Rs 224.50 crore. The credit rating agency has also upgraded the short term rating from ‘A3+’ to ‘A2’ worth Rs 113.00 crore.

NACL Industries (formerly known as Nagarjuna Agrichem) manufactures a comprehensive range of pesticide technicals, formulations and custom manufactured fine chemicals. Nagarjuna Agrichem's product profile includes those tested and certified by best GLP Certified Independent laboratories in Europe & USA. All the products conform to national and international specifications.


Peers
Company Name CMP
UPL 536.00
PI Industries 1735.00
Bayer CropScience 3316.50
Sharda Cropchem 685.80
Sumitomo Chem. India 328.60
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