CARE reaffirms ‘A1+’ rating to Deepak Fertilisers & Petrochemicals’ short-term instrument

03 Mar 2014

Credit rating agency, CARE has reaffirmed ‘A1+’ rating to Deepak Fertilisers & Petrochemicals’ Commercial Papers worth Rs 250 crore which was enhancement from worth Rs 200 crore.

The company has received the rating on the back of its leading market position of (DFPCL) in the industrial chemicals segment namely Technical Ammonium Nitrate (TAN) and Iso Propyl Alcohol (IPA), diversified product portfolio and resilient performance of fertilizer segment and low financial leverage.

Deepak Fertilisers & Petrochemicals is one of the leading manufacturers of industrial chemicals and fertilisers in India. The company operates in three business segments - chemicals, fertilisers and real estate.

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