CRISIL upgrades ‘A+/Stable’ rating to Excel Crop Care’s Long Term

27 Feb 2014

Credit rating agency, CRISIL has upgraded ‘A+/Stable’ rating to Excel Crop Care’s Long Term from 'CRISIL A/ Stable' and reaffirmed ‘A1’ rating to Short Term.

The rating agency has revised Long Term Rating in respect of the Company's Working Capital Bank Finance Facilities aggregating to Rs 200 crore.

Excel Crop Care is engaged in the manufacturing of agrochemicals. It began with three manufacturing plants; over 1200 dedicated employees; a range of market-leading brands; a distribution network of 40000 dealers; a customer base running into millions.

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