Deccan Cements downgraded to BB by CRISIL; company disputes rating action

Credit rating at junk gradeCredit & Debt View source PDF Explain this filing

DECCANCE · price

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Price reactionminutes from the announcement price · days from the prior close

+0.5%Reaction day

₹566.10

prior close

₹557.25

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.9%-1.4% vs market

Cement & Cement Products peers, median of 34sector+1.0%-0.5% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.5 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.4

10m

+1.0

15m

+0.4

30m

+1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5+1.9-1.4+1.0-0.5

Next day

+2.1+3.3-1.2+2.3-0.2

+2.0+3.5-1.5+1.7+0.3

+0.4+2.4-2.1+0.7-0.4

+0.5+3.1-2.6+2.6-2.0

+4.1+2.6+1.5+2.0+2.1

+1.4+2.1-0.7+3.0-1.6

15d

-2.1+0.9-3.1+0.0-2.2

-0.6+5.5-6.1+0.2-0.8

-0.2+8.1-8.3-4.3+4.1

-4.6+3.5-8.0-12.7+8.1

UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CRISIL downgraded Deccan Cements long-term rating to BB/Stable from BBB/Stable, and short-term rating to A4+ from A3+. CRISIL cited issuer non-cooperation as the reason. The company counters that it had fully repaid all term loans before the rating action and had informed CRISIL, but CRISIL did not verify this with the banks. BB rating falls below investment grade.

Likely market impact

Rating cuts below investment grade may hurt sentiment. Company disputes the move citing full loan repayment, so real financial impact could be limited.