SMERA Ratings has upgraded debt rating of Sanwaria Consumer for long-term instruments worth Rs 1,147 crore to BBB+ from BBB. The rating agency has also upgraded debt rating of the company for short-term instruments worth Rs 310 crore to A2 from A3. These instruments have been upgraded by the rating agency on the basis of improved financials of the company for the half-year ended September 30, 2017.
Sanwaria Consumer is one of the largest integrated food processors in India and is engaged in the business of manufacturing and selling of Rice, edible oil and staple food products like Pulses, Sugar, Soya Chunks, Wheat Flour, Rice Flour, Salt, Suji, Maida, Besan, Daliya, Soya Meal etc.
Company Name | CMP |
---|---|
Adani Wilmar | 335.65 |
Patanjali Foods | 1632.05 |
Gokul Agro Resources | 175.90 |
Vijay Solvex | 1130.95 |
BCL Industries | 52.00 |
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