CRISIL has reaffirmed the credit ratings for Shree Cement’s bank facilities and debt instruments. Long-term and short-term ratings for bank facilities remain at CRISIL AAA/Stable and CRISIL A1+, respectively. The rating for the commercial paper is reaffirmed at CRISIL A1+, and the non-convertible debenture rating remains at CRISIL AAA/Stable. These reaffirmations reflect CRISIL’s continued confidence in Shree Cement’s financial stability.
Bank Facilities Ratings Reaffirmed
Shree Cement’s long-term bank facilities, enhanced from ₹1,100.00 Crores, maintain a CRISIL AAA/ Stable rating, reaffirming the company’s financial strength and stability. The total amount of long term ratings is ₹2,000.00 Crores. This demonstrates continued confidence in Shree Cement’s ability to meet its long-term obligations.
Short Term Ratings Confirmed
The short-term ratings for Shree Cement’s bank facilities also received a positive reaffirmation. The rating has remained at CRISIL A1+ for total ₹2,500.00 Crores with enhancements from ₹1,200.00 Crores.
Overall Bank Loan Facilities
The total bank loan facilities rated amount to ₹4,500.00 Crores, enhanced from ₹2,300.00 Crores, with the reaffirmation of ratings across both long-term and short-term facilities.
Commercial Paper Rating Stays Strong
CRISIL also reaffirmed its CRISIL A1+ rating for Shree Cement’s commercial paper, valued at ₹1,000.00 Crores enhanced from ₹500.00 Crores. This rating indicates a high degree of certainty regarding the timely payment of short-term debt obligations.
Non-Convertible Debenture Rating Confirmed
The rating for Shree Cement’s non-convertible debenture, with an amount of ₹700.00 Crores, has been reaffirmed at CRISIL AAA/ Stable. This rating reflects the high level of safety associated with this debt instrument.
Source: BSE
