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MTR Foods CP gets `A1' rating

Our Bureau

BANGALORE, Sept. 30

ICRA has accorded `A1' rating to the Rs 5-crore commercial paper programme of MTR Food Ltd, indicating highest safety in the short term.

The rating is based on the company's established position in the packaged foods business which derives strength from its brand name, its success in several product launches leading to widening its product range, rapid sales growth in the last five years.

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