Ind-Ra revises outlook of RCF credit facilities to Stable; Stock climbs 3%

The credit rating agency has affirmed the company’s long-term Issuer Rating at IND AA.

May 04, 2021 11:05 IST India Infoline News Service

RCF, Rashtriya Chemicals & Fertilizers
India Ratings and Research (Ind-Ra) has revised the Outlook on Rashtriya Chemicals and Fertilizers Limited's (RCF) Non-Convertible Debenture (NCD) Rs500cr program to Stable from Negative while affirming its long-term Issuer Rating at IND AA. 

At around 11.42 am, Rashtriya Chemicals & Fertilizers Ltd iwas trading at Rs75.30 per piece up Rs2.40 or 3.29% from its previous closing of Rs72.90 per piece on the BSE.
The scrip opened at Rs74.60 and has touched a high and low of Rs76.15 and Rs73.90 respectivel during intraday trade on Tuesday. 

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