The Ramco Cements Limited announced updated credit ratings from CRISIL Ratings Limited as of March 16, 2026. The rating for the ₹900 crore Commercial Paper (CP) has been reaffirmed at CRISIL A1+, indicating very strong safety. Separately, a new rating of CRISIL AA+/Stable has been assigned to the ₹500 crore Non-Convertible Debentures (NCDs), reflecting a high degree of safety regarding timely payment.
Credit Rating Updates Announced
In compliance with regulatory disclosure requirements, The Ramco Cements Limited has informed exchanges regarding the latest credit ratings assigned by CRISIL Ratings Limited. The ratings cover two key debt instruments.
Commercial Paper Rating Reaffirmation
For the existing Commercial Paper programme, the rating has been reaffirmed:
- Instrument: Commercial Paper
- Amount (in crores): 900.00
- Rating: CRISIL A1+ (reaffirmed)
Securities holding this rating are deemed to possess a very strong degree of safety regarding timely payment of financial obligations and carry the lowest credit risk.
Non-Convertible Debentures Rating Assignment
A new rating has been assigned to the proposed Non-Convertible Debentures:
- Instrument: Non-Convertible Debentures
- Amount (in crores): 500.00
- Rating: CRISIL AA+/Stable (assigned)
Instruments rated in the CRISIL AA+ category are considered to have a high degree of safety regarding timely servicing of financial obligations, carrying very low credit risk.
Supporting Documentation
The company also enclosed the corresponding letters received from CRISIL Ratings, both dated March 13, 2026, confirming the decisions for the CP and NCD instruments, respectively.
Source: BSE
