Shree Cement Limited has announced that CARE Ratings Limited has successfully reaffirmed the credit rating for its commercial paper. The rating agency has maintained the CARE A1+ rating for the company’s commercial paper program, which is valued at ₹1,000 crore. This reaffirmation reflects the company’s sustained financial stability and strong creditworthiness in the capital markets as of May 1, 2026.
Rating Agency Confirmation
Shree Cement Limited has received formal notification regarding the credit rating of its financial instruments. CARE Ratings Limited, a leading credit rating agency, has officially reaffirmed the CARE A1+ rating assigned to the company’s commercial paper program. This designation confirms the highest level of safety for short-term debt instruments, indicating an exceptionally strong capacity for timely payment of financial obligations.
Financial Instrument Details
The rating applies to a total commercial paper amount of ₹1,000 crore. The reaffirmation process conducted by CARE Ratings underscores the company’s consistent operational performance and liquidity position. As of May 1, 2026, this rating continues to support the company’s ability to raise short-term funds efficiently from the money markets under favorable terms.
Source: BSE
