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(15 Jun 2024, 16:39)

CRISIL reaffirms rating of Gujarat Fluorochemicals with 'stable' outlook

Gujarat Fluorochemicals (GFL) said that CRISIL Ratings has reaffirmed its ratings on the debt instruments of the company at 'CRISIL AA+/Stable/CRISIL A1+’.


CRISIL Ratings stated that the ratings reaffirmation reflects established market position of GFL in the chemicals business, healthy operating efficiency driven by integrated operations, and strong financial risk profile.

While GFL’s operating performance remained weak in fiscal 2024, the reaffirmation reflects expectation of significant recovery in operating performance in fiscal 2025. Further, the ratings also reflects the strong financial risk profile emanating from healthy debt protection metrics and strong net worth.

The rating reaffirmation reflects expectation of significant recovery in operating performance in fiscal 2025 which will remain key monitorable.

The financial risk profile remains strong with external net debt of Rs 1,797 crore and robust debt protection m...

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