Credit rating agency, CRISIL has upgraded the ratings assigned to Excel Crop Care’s Cash Credit facility worth Rs 1500 million to ‘A/Stable’ from the existing rating ‘CRISIL A/Negative’. The rating agency has also reaffirmed ‘A1’ rating to the company’s Letter of Credit facility worth Rs 500 million.
Excel Crop Care is engaged in the manufacturing of agrochemicals. It began with three manufacturing plants; over 1200 dedicated employees; a range of market-leading brands; a distribution network of 40000 dealers; a customer base running into millions.
