Credit rating agency, ICRA has reaffirmed rating of ‘A1+’ to ITC’s Commercial Paper Programme worth Rs 500 crore. The company has received the said rating on the back of its dominant position in the domestic cigarettes market despite the exposure of the segment to stringent Government policies and regulations.
ITC is a diversified conglomerate has business interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.
