Shree Cement gets ‘CARE AAA' rating on long-term facilities worth Rs150 crore; stock gains ~1.5%

Shree Cement Limited informed that CARE Ratings Limited has assigned a ‘CARE AAA’ rating to long-term bank facilities of the company worth Rs150 crore. It has given a Stable outlook on these facilities.

Further, CARE has reaffirmed the ‘CARE AAA’ rating on long-term bank facilities of the company worth Rs1,100 crore, with a Stable outlook.

Company’s short-term facilities’ limit has been enhanced from Rs800 crore to Rs1,200 crore. The rating on these facilities has been reaffirmed at ‘CARE A1+’.

CARE has also assigned a ‘CARE A1+’ rating to the Commercial Paper programme worth Rs400 crore of company.


For feedback and suggestions, write to us at editorial@iifl.com