Credit rating agency, CARE has assigned ‘CARE BBB+’ ratings to Sabero Organics Gujarat (SOGL) long-term bank facilities for Rs 100.57 crore. The agency has also assigned ‘PR3+’ ratings to SOGL’s short-term bank facilities for Rs 173.75 crore.
Further, the agency has also assigned ‘CARE BBB+/PR3+’ ratings to SOGL’s long-term/short-term bank facilities for Rs 62.75 crore.
The ratings are further strengthened by modest financial position with moderate leverage and debt servicing indicators and healthy profitability margins.
Sabero Organics is an established player in the agrochemical industry which manufactures and sells a variety of specialty chemicals and crop protection products. It has a diversified product portfolio for insecticides, herbicides, fungicides and specialty chemicals.
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