Shree Cement has announced that its credit ratings have been reaffirmed by CARE Ratings. The long-term bank facilities rating stands at CARE AAA Stable, covering ₹3095.42 Crores. The short-term bank facilities are rated CARE A1+, for a total of ₹2,500.00 Crores. The total rated bank loan facilities amount to ₹5,595.42 Crores. This reaffirms Shree Cement’s strong financial standing.
Credit Ratings Reaffirmed
Shree Cement has received confirmation that CARE Ratings has reaffirmed its credit ratings. This assessment reflects the company’s financial stability and creditworthiness, providing confidence to investors and stakeholders.
Long-Term Bank Facilities
The long-term bank facilities of Shree Cement have been reaffirmed at CARE AAA; Stable, covering a substantial amount of ₹3095.42 Crores. This rating indicates a high degree of safety regarding timely servicing of financial obligations.
Short-Term Bank Facilities
The short-term bank facilities have also been reaffirmed at CARE A1+, representing ₹2,500.00 Crores. This rating signifies a very strong capacity for timely repayment of short-term debt obligations.
Total Bank Loan Facilities
The total bank loan facilities rated amount to ₹5,595.42 Crores, reflecting the overall assessment of Shree Cement’s credit profile by CARE Ratings.
Source: BSE
