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.