CRISIL has re-affirmed the existing 'A' rating for Excel Crop Care’s cash credit facility worth Rs 150 crore. The credit rating agency has, however, revised the outlook for the cash credit facility from 'Stable' to 'Negative' and the revised rating reads 'A/Outlook Negative'. CRISIL has re-affirmed 'A1' rating for the Company's letter of credit facility worth Rs 50 crore.
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.