ICRA Limited has reaffirmed the credit rating for Chambal Fertilisers’ commercial paper programme. The rating of [ICRA] A1+ was reaffirmed on January 29, 2026, for a revised amount of Rs. 2,500 Crore. The previous rated amount was Rs. 4,500 Crore.
Credit Rating Update
Chambal Fertilisers and Chemicals Limited has announced that ICRA Limited has reaffirmed its credit rating for the company’s commercial paper programme. The announcement, dated January 30, 2026, confirms the continued rating strength of the company’s short-term debt instruments.
Rating Details
The credit rating of [ICRA] A1+ (Rating Re-affirmed) applies to the revised amount of the commercial paper programme, which is now set at Rs. 2,500 Crore. This revision follows a previous rating on a higher amount of Rs. 4,500 Crore. The reaffirmation indicates ICRA’s continued confidence in Chambal Fertilisers’ ability to meet its short-term financial obligations.
Source: BSE
