Fitch Ratings has affirmed UltraTech Cement’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-‘ with a stable outlook. The rating agency also affirmed the ‘BBB-‘ rating on the company’s USD 400 million 2.80% senior unsecured notes due 2031. The affirmation reflects UltraTech’s strong financial profile and market position within the cement industry.
Credit Rating Maintained
UltraTech Cement has received confirmation from Fitch Ratings regarding its creditworthiness. The company’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) remain at ‘BBB-‘, indicating a stable outlook for the foreseeable future. This rating reflects Fitch’s assessment of UltraTech’s ability to meet its financial obligations.
Debt Rating Affirmed
In addition to the overall IDR, Fitch Ratings has also specifically affirmed the ‘BBB-‘ rating on UltraTech Cement’s outstanding debt. This includes the USD 400 million senior unsecured notes, bearing a 2.80% interest rate, and maturing in 2031. This consistent rating provides confidence to investors holding the company’s debt instruments.
Source: BSE
