The rating agency ICRA, after due consideration, has reaffirmed the long-term rating for Rs 51 billion line of credit of Rashtriya Chemicals and Fertilizers' (RCF) Bank Facilities and Non-Convertible Debenture (NCD) at 'AA-'. The outlook on the long-term rating has been revised to Positive from Stable.
The rating agency also reaffirmed rating on Commercial Paper Programme at 'A1+'. The aforesaid ratings will be due for surveillance any time before Mar. 31, 2022.
Shares of the company gained Rs 11.25, or 19.93%, to settle at Rs 67.70. The total volume of shares traded was 3,118,410 at the BSE (Thursday).
