CARE Ratings has reaffirmed the AA; Positive rating for CEAT’s Non-Convertible Debentures (NCDs). The rating applies to NCDs totaling ₹500.00 Crores. This reaffirmation indicates CARE’s continued confidence in CEAT’s financial stability and performance outlook.
Rating Reaffirmation
CARE Ratings has reaffirmed its rating of CARE AA; Positive for CEAT’s proposed Non-Convertible Debentures (NCDs). This rating applies to NCDs amounting to ₹500.00 Crores.
Details of the Rated Instrument
The reaffirmed rating pertains to the following:
Instrument Type: Proposed Non-Convertible Debentures (NCDs)
Amount: ₹500.00 Crores
Rating/Outlook: CARE AA; Positive
Rating Action: Reaffirmed
Source: BSE
