Credit rating agency, CARE has reaffirmed AA- rating to Jyothy Laboratories’ Long-term Bank Facilities (Term Loan) worth Rs 430 crore and Long-term Bank Facilities (Cash Credit) worth Rs 80 crore.
The rating agency has also reaffirmed A1+ rating to the company’s Commercial Paper / Short term Debt worth Rs 90 crore.
The company has received the said rating reaffirmation on the back of its healthy profitability margins and comfortable gearing ratios in FY12.
Jyothy Laboratories is one of the leading players in the mid and economy segments of the FMCG industry having its presence in Fabricare (Detergents/soaps for clothes), Household Insecticide (Repellent coils/liquid or spray) Dishwashing products/Toilet cleaners, Personal care (Toilet soap) and Others (Incense sticks).
