National Fertilizers Limited's Credit Rating Affirmed by India Ratings
India Ratings has affirmed National Fertilizers Limited's credit ratings. Bank loan facilities (fund and non-fund based) and commercial paper program received ratings of IND AA/Stable/IND A1+ and IND A1+ respectively. The total rated amount for bank facilities is ₹90,000 million (₹9,000 crore) and for commercial paper is ₹40,000 million (₹4,000 crore).
Credit ratings are important for a company's borrowing costs and access to capital markets. An affirmed rating suggests continued favorable terms for debt financing, impacting the company's financial strategy and operational capacity.
The affirmation of credit ratings by India Ratings indicates stability and confidence in the company's financial health and its ability to meet its debt obligations, which is a positive development.
National Fertilizers Limited (NFL) has announced that India Ratings & Research has affirmed its credit ratings for various instruments.
The rating agency has affirmed the company's bank loan facilities (Fund Based Limit) with a rating of IND AA/Stable and IND A1+, with a total limit of ₹90,000 million (₹9,000 crore). For non-fund based bank loan facilities, the rating is affirmed as IND A1+ with a limit of ₹96,000 million (₹9,600 crore). Additionally, the Commercial Paper program has been affirmed with a rating of IND A1+ for a limit of ₹40,000 million (₹4,000 crore).
The rating letter for the bank loan facilities, dated March 26, 2026, specifies a total size of INR 186,000 million (₹18,600 crore) for the facilities rated as IND AA/Stable/IND A1+. The rating for the Commercial Paper program, also dated March 26, 2026, is for INR 40,000 million (₹4,000 crore) with a rating of IND A1+ for a tenor of 7-365 days. India Ratings stated that these ratings are affirmed and subject to review.
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National Fertilizers Limited filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by National Fertilizers Limited. Read the original for the full detail.