CARE revises ratings assigned to bank facilities of Deepak Fertilisers

Credit rating agency, Credit Analysis & Research (CARE) has revised the rating for long term instruments of Deepak Fertilisers & Petrochemicals Corporation to ‘AA-‘ from the existing rating of ‘AA’. The rating for short term instruments of the company stands unchanged to ‘A1+’.

Deepak Fertilisers and Petrochemicals Corporation is one of the leading manufacturers of industrials chemicals and fertilizers in India. The company operates in three business segments - Chemicals, Fertilizers and Realty.