ICRA reaffirms Ratings for Godrej Consumer

Godrej Consumer Products Ltd has announced that ICRA has reaffirmed the Corporate Governance Rating & Shareholders Value Creation and Governance Rating as under:

1. Rating for Corporate Governance
ICRA has reaffirmed the CGR2+ (pronounced as CGR 2 plus) rating to Corporate Governance Practices of the Company. This is on a rating scale of CGR1 to CGR6 where CGR1 denotes the highest rating. The + sign Indicates a relatively higher standing within the category Indicated by the rating.

The CGR2+ rating implies that in ICRA's current opinion, the rated Company has adopted and follows such practices, conventions and codes as would provide its financial stakeholders a high level of assurance on the quality of corporate governance.

2. Rating for Stakeholder Value and Governance Practices
ICRA has reaffirmed the SVG2+ (pronounced as SVG 2 plus) rating for Stakeholders Value Creation and Governance practices of the Company. This is on a rating scale of SVG1 to SVG6 where SVG1 denotes the highest rating. The + sign Indicates a relatively higher standing within the category Indicated by the rating.

The SVG2+ rating implies that in ICRA's current opinion, the rated Company belongs to the High Category on the composite parameters of stakeholder value creation and management as also corporate governance practices.

Source : Equity Bulls

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