Crisil assigns Rating for Marico's Short Term Debt Programme

Marico Ltd has announced that the Company has sought a credit rating from CRISIL for its Short Term Debt Programme (including issue of Commercial Paper) upto Rs 50 Crores. CRISIL has given credit rating of 'P1+' (pronounced 'P one plus') (indicative of a very strong safely parameter for timely payment of interest and principal) on July 27, 2007 which has been accepted by the Company. The rating is valid for a maximum period of one year from July 27, 2007 (being the date of CRISIL letter).

Source : Equity Bulls

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