ICRA retains A1+ rating to Rs 25 cr CP prog of NCPL

New Delhi, June 20 (UNI) Credit rating agency ICRA has retained the A1+ rating assigned to the Rs 25 Crore Commercial Paper (CP) Programme of Narmada Chematur Petrochemicals Ltd (NCPL).

The rating indicates highest credit quality in the short term.

Instruments rated in this category carry the lowest credit risk in the short term.

The rating reflects NCPL's strong position in Aniline and Toluene Di-Isocyanate (TDI) in the domestic market, favourable demand potential for these products, lowered financial risk profile arising from improved capital structure and support from its parent company GNFC.

UNI DKS CS VV1523