CARE revises rating assigned to bank facilities of Jyothy Laboratories

Credit rating agency, CARE has revised the ratings assigned to bank facilities of Jyothy Laboratories. The credit rating agency has revised the rating in respect of 4000 Zero Coupon, Secured, Redeemable Non convertible Debentures (NCDs) of Rs 10,00,000 each aggregating to Rs 400 crore from ‘AA-‘ to ‘AA’.

Jyothy Laboratories is one of the leading players in the mid and economy segments of the FMCG industry having its presence in Fabricare (Detergents/soaps for clothes), Household Insecticide (Repellent coils/liquid or spray) Dishwashing products/Toilet cleaners, Personal care (Toilet soap) and Others (Incense sticks).