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CRISIL reaffirms long term rating of Insecticides (India) to ‘CRISIL A/Stable’

31 Jul 2012 Evaluate

Credit rating agency, CRISIL has reaffirmed bank loan ratings of Insecticides (India)’s bank facilities for long-term rating (fund based as cash credit/term loan/overdraft and working capital facility) to ‘CRISIL A/Stable’ and short-term rating (non-fund based as letter of credit/buyer’s credit) to ‘CRISIL A1’.

Insecticides (India) is India’s leading agro-chemical and pesticides manufacturer. It has entered into technical collaboration with global giants AMVAC, USA for THIMET, which is India's most popular generic pesticide.

Peers
Company Name CMP
UPL 553.15
PI Industries 2386.70
Bayer CropScience 3772.10
Sharda Cropchem 761.50
Sumitomo Chem. India 463.50
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