Shree Cement Limited has been informed that CRISIL Ratings Limited has reaffirmed the credit rating for its Commercial Paper. The rating stands at Crisil A1+, with the action classified as ‘Reaffirmed’. This signifies the agency’s continued confidence in the company’s strong credit quality and its ability to meet financial obligations. The rating applies to the Commercial Paper programme of up to ₹1,000.00 crore.
CRISIL Reaffirms Shree Cement’s Credit Rating
Shree Cement Limited has received notification that CRISIL Ratings Limited has reaffirmed its credit rating for the company’s financial instruments. The rating agency has maintained the Crisil A1+ rating for Shree Cement’s Commercial Paper programme. This reaffirms the strong creditworthiness of the company, indicating a high degree of safety regarding timely payment of financial obligations.
Commercial Paper Rating Details
The reaffirmed rating specifically pertains to the company’s Commercial Paper issuance. The total amount for this programme is up to ₹1,000.00 crore. The rating action undertaken by CRISIL is ‘Reaffirmed’, underscoring their sustained positive outlook on Shree Cement’s financial standing and operational performance.
Source: BSE
