Credit rating agency, CRISIL has assigned ‘AA+/stable’ rating to Rallis India’s long term bank facility of Rs 108.5 crore. This is an upgrade from the ‘AA/ Positive’ rating assigned earlier. The short term rating, for the company's Bank loan facilities of Rs 179.5 crore remains at ‘A1+’.
Rallis India mainly deals in Agri Business and has emerged as one of the leaders in the Indian Agrochemical Industry. The company is also in the Institutional business providing technical and bulk of various molecules to leading companies like Bayer, Syngenta, Excel, UPL, Gharda, Cheminova etc and has launched product for control of pest of public health importance.
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