Gujarat State Fertilizers & Chemicals credit ratings reaffirmed by India Ratings

Gujarat State Fertilizers & Chemicals Limited (GSFC) announced that India Ratings & Research Private Ltd reaffirmed its credit ratings. The reaffirmation covers bank loan facilities and commercial papers.

Bank loan facilities, totaling INR 13,000 million, received an "IND AA+/STABLE/IND A1+" rating. Short-term debt, amounting to INR 9,650 million, was affirmed at "IND A1+". Additionally, the company's commercial paper program, valued at INR 10,000 million, also received an "IND A1+" rating. All ratings were affirmed, indicating a stable outlook for the company's debt obligations.