Rhone-Poulenc

Crisil has reaffirmed the `P1+' rating to the Rs 18-crore Commercial Paper (CP) programme of Rhone-Poulenc India, indicating a high level of safety.

The continued rating is based on the company's established brands in its focus segment and its favourable financial profile. The rating agency expects the company's short-term credit profile to remain favourable due to its strong cash generation from operations. A possible change in shareholding in the future is not anticipated to make any immediate impact.