Credit rating agency, Credit Rating Information Services of India (CRISIL) has reaffirmed ratings of Godfrey Phillips India’s long-term bank facilities worth Rs 1520 crore to AA+/Stable. The rating agency has also reaffirmed A1+ rating to the company’s short term bank facilities and short term debt programme worth Rs 150 and Rs 350 crore respectively.
Godfrey Phillips India’s core business is manufacturing cigarette. Under this division has created brands like Four Square, Red and White, Jaisalmer, Cavanders and Tipper. The company has also initiative in developing products such as Stellar, the first slim cigarette and I-gen, the first euro norm cigarette in India.
