CARE reaffirms A1+ rating to Jyothy Laboratories’ short-term debt programme

Credit rating agency, CARE has reaffirmed A1+ rating to Jyothy Laboratories’ short-term debt/commercial paper issue worth Rs 90 crore.

The company has received the said rating reaffirmation on the back of healthy financial risk profile characterized by comfortable gearing levels and healthy debt coverage indicators.

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).