Fitch affirms Indian Farmers Fertiliser

Fitch Ratings said it affirmed Indian Farmers Fertiliser Cooperative Ltd.'s national long-term rating at AA(ind), along with its fund-based and non-fund based facilities of Rs. 202.8 billion, enhanced from Rs. 170 billion at AA(ind)/F1+(ind), outstanding long-term bank loans of Rs. 8.93 billion, reduced from Rs. 9.43 billion at AA(ind) and commercial paper program of Rs. 1 billion at F1+(ind).

The outlook is stable.

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