Crisil reaffirms Rating of EID Parry

EID Parry India Ltd has announced that CRISIL has reaffirmed the "AA" rating (pronounced "double A rating") for the captioned Debt Programme, and revised the outlook to "Negative" from "Stable".

This rating indicates high degree of safety with regard to timely payment of interest and principal on the instrument.

CRISIL has reaffirmed the "P1+" (Pronounced "P one plus") rating for the short term debt Programme (commercial paper). This indicates that the degree of safety with regard to timely payment of interest and principal on the instrument is very strong.

Source : Equity Bulls

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