Credit rating agency, ICRA has reaffirmed the long term rating of Dhanuka Agritech at A- for the fund based facilities amounting to Rs 50 crore and short term rating at A1 for the non-fund based facilities amounting to Rs 40 crore availed by the company. The outlook for the long term rating is stable.
The company had been assigned the credit rating of LA- for the long term and A1 for the short term borrowings, in the previous year by ICRA.
Dhanuka Agritech is the umbrella company for the business of agro-chemicals, fertilizers, and seeds of Dhanuka Group. The company reaches out to more than 10 million farmers with its eco-friendly high quality crop care products. The Agri-Division has a pan-India presence through its marketing offices in all major states in India.
