Credit rating agency, CRISIL has reaffirmed rating of Gujarat Ambuja Exports’ long term bank facilities at A/stable. The rating agency has also reaffirmed rating of the company’s short term bank facilities at A1.
The company has received the said rating reaffirmation on the back of its improving business risk profile, supported by its established position in the solvent extraction business and increasing scale of operations in its maize processing division.
The company is engaged in manufacturing refined oil (mainly soya bean oil) and de-oiled cakes (DOCs); maize products such as starch, glucose, sorbitol, dextrose monohydrate powder, and maltose dextrine powder (obtained through wet corn milling technology); and cotton yarn.
