Announced Sat, 25 Apr · 11:44 IST
ICRA Affirms RCF NCD Rating at AA with Stable Outlook
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RCF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.6%1-day move
₹128.15
prior close
₹129.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.3-0.1+0.1+1.6+2.0+0.9+1.8+1.0+2.8-2.8+3.3+1.4-1.6
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AI summary
ICRA and India Ratings have affirmed RCF's Non-Convertible Debenture rating at AA with a Stable outlook for Rs. 1,200 crore. The affirmation reflects RCF's strong position in the Indian fertilizer market, 75% government ownership, and healthy plant operations. However, the agencies flagged elevated leverage from planned capex of Rs. 23-25 billion over FY27-29 and Middle East-related gas supply risks as monitorable factors.
Likely market impact
Rating affirmation signals stable credit quality with no change in outlook. Rising capex and JV investments may pressure leverage over the next 2-3 years.