Asian Paints Ltd.

Credit rating agency, CRISIL has reaffirmed AAA rating to long-term bank facilities of Asian Paints. The rating agency has also reaffirmed A1+ rating to the company’s short term bank facilities.

The company has received the said rating reaffirmation on the back of its leadership position in the domestic paints sector, healthy operating margin, and robust financial risk profile, marked by healthy capital structure and surplus liquidity. However, the rating strengths are partially offset by Asian Paints’ susceptibility to volatility in raw material prices.

Asian Paints is India’s largest paint company and Asia’s third largest paint company. The company along with its subsidiaries has operations in 20 countries across the world and 28 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.