By Karthikeyan Thangarajan

India Ratings and Research (Ind-Ra) has withdrawn Madras Fertilizers Limited’s (MFL) ‘IND D’ Long-Term Issuer Rating.

The rating has been withdrawn due to lack of adequate information. Ind-Ra will no longer provide ratings or analytical coverage for MFL.

MFL’s ratings:

- Long-Term Issuer Rating: ‘IND D’; rating withdrawn
- INR1,914m fund-based working capital limits: ‘IND C’ and ‘IND A4’; ratings withdrawn
- INR1,328m fund-based working capital limits: ‘IND C’ and ‘IND A4’; ratings withdrawn


SOLICITATION DISCLOSURES

Additional information is available on www.indiaratings.co.in. The ratings above were solicited by, or on behalf of, the issuer, and therefore, India Ratings has been compensated for the provision of the ratings. 

Ratings are not a recommendation or suggestion, directly or indirectly, to you or any other person, to buy, sell, make or hold any investment, loan or security or to undertake any investment strategy with respect to any investment, loan or security or any issuer. 

PARTICIPATION DISCLOSURES

The issuer did not participate in the rating process, or provide additional information, beyond the issuer's available public disclosure.

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Applicable Criteria

Analyst Names

  • Primary Analyst

    Karthikeyan Thangarajan

    Associate Director
    India Ratings and Research Pvt Ltd Harmony Square 3rd Floor, Door No. 48 & 50 Prakasam Street T Nagar Chennai 600 017
    +91 44 43401712

    Media Relation

    Mihir Mukherjee

    Manager Corporate Communications and Investor Relations
    +91 22 40356121