Ind Ra affirms J K Cement's long-term issuer rating at 'AA+' with stable outlook

24 Feb 2022 , 02:33 PM

India Ratings and Research (Ind-Ra) has affirmed J.K.Cement Limited’s (JKCL) Long-Term Issuer Rating at ‘IND AA+’. The Outlook is Stable.

As per rationale report, Ind-Ra continues to take a consolidated view of JKCL and its subsidiaries J.K. Cement (Fujairah) FZC (100% stake), J.K. Cement Works (Fujairah) FZC (90% stake), Jaykaycem (Central) Ltd (100% stake) to arrive at the ratings, because of the strong operational and strategic linkages among them.

At around 2:37 PM, J K Cements was trading at Rs2,795.95 apiece down by Rs116.35 or 4% on the BSE.