Announced Fri, 3 Jul · 17:06 IST
India Ratings affirms IND BBB/Stable rating on bank facilities
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AI summary
India Ratings and Research has affirmed the credit rating of IND BBB/Stable with IND A3+ for short-term on Andhra Cements bank loan facilities. Total rated facility size is INR 9,389.70 million, revised down from INR 9,869.70 million earlier. Facilities include term loans and fund and non-fund based working capital limits from Union Bank of India, State Bank of India, and Yes Bank. The outlook remains Stable.
Likely market impact
Rating affirmation with Stable outlook indicates unchanged credit profile; neutral to slightly positive for lender confidence.