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ICRA upgrades credit rating of Zuari Agro Chemicals

16 Apr 2020 Evaluate

Credit rating agency -- ICRA has upgraded the credit rating of Zuari Agro Chemicals’ term loans, long- term fund-based limits, long-term unallocated limits and compulsorily convertible debentures (CCDs) to ‘B’ with a stable outlook from ‘D’. The rating agency also upgraded rating on short term non-fund based limits and short-term unallocated limits to ‘A4’ from D.

The ratings upgrade factors in account of regularisation of payment of debt obligations by the company for a period of more than three months and operationalisation of the urea plant.

Zuari Agro Chemicals is one of the leading fertilizer conglomerates in India. The company produces high-quality complex fertilizers of various grades along with seeds, pesticides, micro nutrients, and specialty fertilizers.

Zuari Agro Chemicals Share Price

229.65 0.85 (0.37%)
17-Apr-2026 16:59 View Price Chart
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