CARE Ratings Limited has reaffirmed the credit ratings of Shree Cement Limited
. The credit rating agency reaffirmed rating on Commercial Paper (Carved out) Rs400cr at CARE Al+.
The rating on long-term bank facilities Rs1,100cr has been reaffirmed at CARE AAA; Stable. On short-term bank facilities, Rs800cr CARE Al+ rating was reaffirmed. The issuer rating has also been reaffirmed at CARE AAA (Is); Stable.
At around 12.40 pm, Shree Cement Ltd was trading at Rs29,300 per piece down by Rs600 or 2.01% from its previous closing of Rs29,900 per piece on the BSE.
The scrip opened at Rs30,000 and has touched a high and low of Rs30,000 and Rs29,300 respectively.