Credit rating agency, Credit Rating & Research (CARE) has revised rating assigned to the long-term facilities (borrowings for more than one year) of Atul from ‘AA-’ to ‘AA’. The credit rating agency has reaffirmed ‘A1+’ rating to Commercial Paper (CP) and short term facilities (borrowings up to one year) of the company.
Atul is a member of Lalbhai Group, one of the oldest business houses of India, with interests mainly in textiles and chemicals. The Group is strongly committed to serve the society in the fields of education, health as well as culture. The company operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers.
