Rashtriya Chemicals and Fertilizers Limited (RCF) has announced that ICRA has withdrawn the rating of [ICRA] AA (Stable) on its ₹500-crore Non-Convertible Debenture (NCDs) with ISIN -INE027 A07012. The withdrawal, effective January 15, 2026, is due to the full redemption of these NCDs, with no outstanding amount against them.

ICRA, in its letter dated January 15, 2026, confirmed the withdrawal of the rating. The company has duly informed the BSE Limited and the National Stock Exchange of India Limited about this development as per SEBI LODR Regulations, 2015.