CRISIL upgrades ratings assigned to bank facilities of Aarti Industries

Credit Rating agency, CRISIL has upgraded debt securities rating of Aarti Industries’ long term rating and NCDs from ‘A+/Positive Outlook’ to ‘AA-/Stable Outlook’. The company’s short term rating has also been upgraded from ‘A1’ to ‘A1+’.

Aarti Industries is engaged in manufacturing of dyes, pigments, pharmaceuticals, agro chemicals and rubber chemicals. It operates in four segments: basic chemicals, specialty chemicals, agro chemicals and pharmaceuticals.