CARE revises rating of Jain Irrigation Systems’ bank facilities

15 Apr 2013

Credit rating agency, Credit Analysis & Research (CARE) has revised rating of Jain Irrigation Systems’ long term bank facilities worth Rs 1,581.41 crore to BB+ from B+. The rating agency has also revised rating of company’s short term bank facilities worth Rs 583.01 crore to A4+ from A4.

The revision in the ratings of JISL takes into account the funds raised by the company during FY13 by way of equity and debt (in the form of Foreign Currency Convertible Bonds and External Commercial Borrowings), thus easing out the liquidity pressure faced by the company.

Jain Irrigation is a farmer-centric company and micro irrigation has been its mainstay since the mid-1980s. The company has pioneered a green revolution through micro-irrigation technology, which comprises mainly of drip and sprinkle systems.

Related Jain Irrigation Systems Ltd. Links:

Jain Irrigation Sys Share Price

15.05 0.00 (0.00%) Nov 11, 17:59
1 Year Price Chart
Peers
Company Name CMP
Supreme Industries 1151.35
Jain Irrigation Sys 15.05
Uflex 202.65
Jindal Poly Films 223.95
Finolex Inds 591.65
View more..
Sensex vs Jain Irrigation Sys
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463