Credit rating agency, ICRA has upgraded the rating of Public Deposit Programme of Rs 100 crore of Godrej Industries from ‘MAA’ to ‘MAA+’. The outlook of the rating is stable. Instruments with this rating are considered to have the high-credit quality. The rated deposits programme carries low credit risk.
Godrej Industries is part of the Godrej group, one of the leading business groups in India and is in the businesses of Oleo-chemicals, surfactants, finance & investments and estate management. It has substantial interests in several industries including property development, oil palm plantation, animal feeds and agro-products, poultry, personal care and household care etc., through its subsidiaries, associate companies and joint venture.
