India Ratings Downgrades Greenstar Fertilizers' Bank Loan Facilities to 'IND BBB'/Stable/'IND A3+'

India, Aug. 12 -- India Ratings and Research (Ind-Ra) has downgraded Greenstar Fertilizers Limited's (GFL) bank loan facilities' long-term rating to 'IND BBB' from 'IND BBB+' with a Stable Outlook, and short-term rating to 'IND A3+' from 'IND A2'. The agency also has withdrawn the rating on the company's non-convertible debentures (NCDs) and rated additional limits.

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