Credit rating agency, CRISIL has re-affirmed ‘AA-/ Stable’ rating to Chambal Fertilisers & Chemicals’ long term, fund based facility worth Rs 6179.16 crore. The rating agency has also re-affirmed ‘A1+’ rating to the company’s short term, non-fund based facility worth Rs 4064.40 crore. Moreover, CRISIL has reaffirmed ‘A1+’ rating to commercial paper programme of the company.
Further, the rating agency has re-affirmed FAA/Stable rating for Fixed Deposits of the company although the company presently does not have any Fixed Deposits.
Chambal Fertilisers & Chemicals is one of the largest private sector fertilizer producers in India. It has three divisions catering agri products, shipping & textiles.