CARE reaffirms ratings of Nagarjuna Agrichem’s bank facilities

19 Dec 2014

Credit rating agency, CARE has reaffirmed ‘BBB’ rating to Nagarjuna Agrichem’s long-term bank facilities worth Rs 166.89 crore. The rating agency has also reaffirmed ‘A3’ rating to the company’s short-term bank facilities worth Rs 90 crore. The ratings continue to derive strength from the established track record of the company in the pesticide business, experienced management, diversified product range with presence across the domestic and international markets and regular investment in de-bottlenecking projects to increase efficiency.

Nagarjuna Agrichem manufactures a comprehensive range of pesticide technicals, formulations and custom manufactured fine chemicals. Nagarjuna Agrichem's product profile includes those tested and certified by best GLP Certified Independent laboratories in Europe & USA. All the products conform to national and international specifications.

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