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Entity-Specific Rating Rationales

30 Jan 2026

AVT McCormick Ingredients Private Limited: Change in Limits

AVT McCormick Ingredients Private Limited: Change in Limits

01 Sep 2025

AVT McCormick Ingredients Private Limited: Ratings reaffirmed; rated amount enhanced

AVT McCormick Ingredients Private Limited: Ratings reaffirmed; rated amount enhanced

31 Jul 2024

AVT McCormick Ingredients Private Limited: Ratings reaffirmed; outlook revised to Stable from Negative

AVT McCormick Ingredients Private Limited: Ratings reaffirmed; outlook revised to Stable from Negative

02 Aug 2023

AVT McCormick Ingredients Private Limited: Long-term rating reaffirmed; outlook revised to Negative; short-term rating downgraded to [ICRA]A2+

AVT McCormick Ingredients Private Limited: Long-term rating reaffirmed; outlook revised to Negative; short-term rating downgraded to [ICRA]A2+

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Entity-Specific Credit Perspective Reports

29 Sep 2025

AVT McCormick Ingredients Private Limited

AVT McCormick Ingredients Private Limited (Non-SF)

27 Aug 2024

AVT McCormick Ingredients Private Limited

AVT McCormick Ingredients Private Limited (Non-SF)

21 Aug 2023

AVT McCormick Ingredients Private Limited

AVT McCormick Ingredients Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long-term/Short-term – Fund-based – Working capital facilities [ICRA]A2+ -- [ICRA]A(Stable) --
Short-term – Interchangeable Limits [ICRA]A2+ -- -- --
Long-term – Interchangeable limits -- -- [ICRA]A(Stable) --

Our Analysts

Analyst 1

Aditya Lade

Analyst 2

Sujoy Saha

Sector Head

Jitin Makkar
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