CRISIL has reaffirmed 'A1+' rating on the short-term bank facilities and short-term debt of Rashtriya Chemicals & Fertilizers (RCF). The rating continues to reflect the company's strong business risk profile driven by its established position in the fertiliser industry, diverse revenue profile, and its healthy operating efficiencies in the urea business.

The rating also reflects the company's comfortable financial risk profile, marked by healthy debt protection metrics. These rating strengths are partially offset by the cyclicality in RCF's industrial products business, its exposure to risks related to the regulated nature of the fertiliser industry, and large upcoming capital expenditure (capex) plan for brownfield expansion.

Shares of the company declined Rs 0.5, or 0.73%, to trade at  Rs 68.15.  The total volume of shares traded  was  140,916 at the BSE (1.36 p.m., Thursday).