Credit rating agency, ICRA has assigned Long-Term rating of ‘AA’ for an additional limit of Rs 325 crore to Godrej Industries’ term loans. This rating is in addition to the existing Rs 875 crore term loans, Rs 90 crore Long-Term fund based limits and Rs 50 crore Long-Term non fund based limit. The outlook for Long-Term rating is stable.
The ICRA rating of ‘AA’ for Long Term Debt/Non-Convertible Debenture programme & MAA+ for Public Deposit programme has been discontinued as there is no amount outstanding against these instruments.
Besides, ICRA has reaffirmed the Short-Term rating of ‘A1+’ for the Rs 1000 crore Short-Term debt (Commercial Paper) programme, Rs 200 crore Short-Term loans and Rs 600 crore short-term non-fund based limits.
Godrej Industries is part of the Godrej group, one of the leading business groups in India and is in the businesses of Oleo-chemicals, surfactants, finance & investments and estate management.
Company Name | CMP |
---|---|
Tata Chemicals | 1103.65 |
SRF | 2546.25 |
Pidilite Inds. | 2830.20 |
Aarti Inds | 728.00 |
Gujarat Fluorochemic | 3598.75 |
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