Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, LT Foods has informed that India Ratings and Research (Ind-Ra) has assigned LT Foods a Long-Term Issuer Rating of ‘IND A’. The Outlook is Positive. The Positive Outlook reflects Ind-Ra’s expectation of a sustained improvement in LT Foods’ financial profile, resulting from an increase in the EBITDA and a stable working capital cycle, translating into lower debt levels. Key Rating drivers are Strong Market Position, Geographical Diversification, Strong Distribution Network, Growing Product Diversification, Procurement Track Record, Established Brand Cushions Impact of Raw Material Price Fluctuations, Strong Performance in 1HFY21 Despite Impact of COVID-19, Comfortable Credit Metrics and Adequate Liquidity Indicator.
The above information is a part of company’s filings submitted to BSE.
