ICRA reaffirms ratings assigned to bank facilities of Dhanuka Agritech

Credit rating agency, ICRA has reaffirmed the ratings assigned to bank facilities of Dhanuka Agritech. The long-term rating of the company has been reaffirmed at ‘A+’ with stable outlook for Rs 30.00 crore (earlier Rs 50.00 crore) fund based facilities.

The credit rating agency has also reaffirmed the short-term rating at ‘A1+’ for Rs 33.35 crore (earlier Rs 50.56 crore) non-fund based limits of company.

Dhanuka Agritech is engaged in manufacturing wide range of agro-chemicals like herbicides, insecticides, fungicides, miticides, plant growth regulators in various forms - liquid, dust, powder and granules.