CEAT Limited has announced updates to its credit ratings. The company’s long-term bank facilities rating has been reaffirmed at CARE AA/Positive. The rating for short-term bank facilities stands at CARE A1+. Ratings for commercial paper is at CARE A1+. The rating for non-convertible debentures is CARE AA/Positive.
Credit Rating Details
CEAT Limited has announced updates to its credit ratings, as provided by CARE Ratings. Details of the updated ratings are as follows:
Long-Term Bank Facilities
The credit rating for long-term bank facilities, amounting to ₹1,406.00 Crores has been reaffirmed at CARE AA/Positive. The rating has been reduced from ₹1,469.00 Crores.
Short-Term Bank Facilities
The credit rating for short-term bank facilities stands at CARE A1+, amounting to ₹1,920.00 Crores, enhanced from ₹1,795.00 Crores.
Commercial Paper
The credit rating for commercial paper is CARE A1+ for an amount of ₹1,000.00 Crores.
Non-Convertible Debentures
The rating for non-convertible debentures is CARE AA/Positive for an amount of ₹500.00 Crores.
Source: BSE
