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CRISIL downgrades EID Parry India's Long Term Bank Facilities

03 Dec 2013 Evaluate

CRISIL has downgraded Credit Rating to EID Parry India's Long Term Bank Facilities and Debt Programmes to 'AA - / Stable' from AA/ Negative’. The rating agency has  reaffirmed A1 + rating to the Company's short term debt and bank loan facilities and assigned  'AA - / Stable' rating  to Non Convertible Debentures worth Rs 1000 million.

EID Parry India manufactures and markets a wide range of products such as sugar, bio-products and nutraceuticals. Today, the company is one of the Top 5 sugar producers in India and is on the path to sweetening more lives around the world.

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