JOFLJohnstown Flood National Memorial (US National Park Service)
JOFLJoey's Only Franchising Ltd.
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4 February 2010 A[cent sign]a'[not sign]a[euro]oe India's ICRA said it assigned an LBB rating to the INR190m (USD4.1m/EUR3m) fund based limits and an A4 rating to the INR82.5m non-fund based limits of local Jindal Oil & Fats Ltd (JOFL).
Nevertheless, while assigning the ratings, ICRA favourably factored in the considerable experience of JOFL's promoters in the edible oils business, the favourable demand prospects for edible oil in India and the integrated nature of the company's manufacturing operations allowing flexibility to modify the product mix according to market conditions.