Credit rating agency, CARE has reaffirmed 'A1+' rating to Navin Fluorine’s Commercial Paper issue worth Rs 30 crore. The company has received the said rating on the back of its well-established position in the fluorochemicals industry, continuous focus on research and development, reduction in the exposure to group companies and comfortable financial risk profile substantiated by comfortable leverage and ample liquidity.
Navin Fluorine owns one of India’s largest integrated flurochemicals complexes. It produces a wide range of flurochemicals in the bulk and specialty segment. It has developed more than 40 products on commercial scale using indigenously built multipurpose plants and product technologies.
