CARE revises credit ratings of India Cements

Credit Analysis & Research (CARE) has revised the credit ratings assigned to India Cements long-term and short-term bank facilities, the company said in a regulatory filing. For the company's long-term bank facilities & Non-Convertible Debentures (NCDs), CARE has revised rating to CARE A-

BY Realty Plus
Published - Thursday, 16 Apr, 2020

CARE revises credit ratings of India Cements

Credit Analysis & Research (CARE) has revised the credit ratings assigned to India Cements long-term and short-term bank facilities, the company said in a regulatory filing. For the company's long-term bank facilities & Non-Convertible Debentures (NCDs), CARE has revised rating to CARE A- with a stable outlook from CARE A. While for the short-term bank facilities, the ratings have been revised to CARE A2+ from CARE A1.