Fitch affirms India Glycols

Fitch Ratings said it affirmed India Glycols Ltd.'s national long-term rating at BBB+(ind) and its Rs. 6.43 billion long-term loan facility, which was increased from Rs. 3.38 billion, at BBB+(ind).

The outlook is stable.

The agency said India Glycols is the only major Indian producer of mono-ethylene glycols and ethylene oxide derivatives through the agricultural route versus traditional production through crude oil derivatives.

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