National Fertilizers Limited — Credit Ratings, 02-05-2025: Credit Rating

ICRA Limited and India Ratings have reaffirmed National Fertilizers Limited’s credit ratings with stable outlooks. ICRA maintained the long-term fund-based cash credit rating at [ICRA]AA (Stable) for Rs. 9000 Cr and short-term ratings at [ICRA]A1+. India Ratings kept the fund-based limit at IND AA/Stable and short-term ratings at IND A1+. This reflects the company’s stable financial health, supported by strong liquidity and disciplined debt management. The sustained high-grade ratings bolster investor confidence and help the company maintain competitive borrowing costs, ensuring continued strategic flexibility in its financing.