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ICRA reaffirms ‘BBB+’ rating to Parrys Sugar Industries’ Long term

27 Jan 2014 Evaluate

Credit rating agency, ICRA has reaffirmed ‘BBB+’ rating to Parrys Sugar Industries’ Long term and ‘A2’ rating to short term. The outlook on the long term rating is stable. The aforesaid ratings are valid till November 2014.

Parrys Sugar Industries (PSIL) is a distinguished and rapidly expanding sugar producer in India. PSIL, a subsidiary of EID Parry (India), is one of the fastest growing organizations in India. It has three sugar plants with a combined crushing capacity of 11,500 tonnes of cane per day (TCD).

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