CRISIL assigns ‘AA/Stable’ rating to proposed NCDs of EID Parry India

Credit rating agency, CRISIL has assigned ‘AA’ rating with stable outlook for the proposed non-convertible debentures (NCDs) amounting Rs 60 crore programme of EID Parry India on a private placement basis.

The above rating indicates high degree of safety regarding timely servicing of financial obligations and such instruments carry very low credit risk.

EID Parry India manufactures and markets a wide range of products such as sugar, bio-products and nutraceuticals. Today, the company is one of the Top 5 sugar producers in India and is on the path to sweetening more lives around the world.