Ind-Ra affirms credit rating of Gujarat State Fertilizers and Chemicals; stock ends 3% higher

The long-term rating on bank facilities has been affirmed at IND AA+/stable/IND Al + and India A1+ on short-term bank facilities.

December 29, 2020 4:50 IST India Infoline News Service

India Rating and Research (Ind-Ra) on Tuesday has affirmed the rating of Gujarat State Fertilisers and Chemicals Limited.

The rating on long-term bank facilities has been affirmed at IND AA+/stable/IND Al + and India A1+ on short-term bank facilities.

The company’s rating on commercial paper issue size of Rs100cr has been affirmed India A1+ as per regulatory filing by the company on Tuesday. 

Gujarat State Fertilizers & Chemicals Ltd ended at Rs75.55 per piece up by Rs2.2 or 3% on the BSE.

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