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This is an archive article published on March 8, 2010

Crisil assigns highest rating to Dabur

Crisil has assigned Dabur the highest grade in the long-term due to consistent growth.

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FMCG major Dabur said credit rating agency Crisil has assigned it the highest grade in the long-term due to the company8217;s consistent growth and improved market position.

8220;Crisil has upgraded its rating on Dabur India Ltd8217;s Dabur8217;s long-term bank facilities and non-convertible debentures to AAA from 8216;AA,8221; Dabur said in a statement.

AAA is the highest long-term rating,while AA is a notch lower than that.

8220;The upgrade reflects improvement in Dabur8217;s market position,consistent and profitable growth,successful integration of its operations with that of the recently acquired Fem Care Pharma Ltd FCPL and improved financial risk profile,8221; the statement added.

Dabur also said the upgrade reflects the rating agency8217;s belief that the company will maintain its market position backed by its strong presence in the herbal goods segment.

8220;The ratings upgrade strengthens our confidence and reflects the strength of this home-grown enterprise,8221; Dabur India Group Director P D Narang said.

 

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