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ICRA reaffirms long term rating of Parrys Sugar Industries

16 Jan 2013 Evaluate

Credit rating agency, ICRA has reaffirmed long term rating of Parrys Sugar Industries’ at ‘BBB+’ and short term rating at ‘A2’. The ratings continue to remain on watch with negative implications. The ratings are valid till December 31, 2013.

Parrys Sugar Industries (PSIL) is a distinguished and rapidly expanding sugar producer in India. PSIL, a subsidiary of EID Parry (India), is one of the fastest growing organizations in India. It has three sugar plants with a combined crushing capacity of 11,500 tonnes of cane per day (TCD).

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