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ICRA puts Venkys India under watch

By Staff
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New Delhi, Feb 23 (UNI) Credit rating agency ICRA has put the A1+ rating, assigned to the short term debt programme, of Venkys India Ltd on rating watch with developing implications following the reported outbreak of the bird flu, in Maharashtra.

Apart from affecting the sales of chicken, the outbreak has also forced the state government in the affected areas to cull poultry birds and restrict transportation of poultry products.

ICRA will now evaluate the impact of these developments on the operations and financial profile of the company, it said in a release.

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