CEAT Limited has informed the Exchange about Credit Rating
CEATLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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CEAT Limited has shared its latest credit ratings from India Ratings and Research (Ind-Ra). Its existing commercial paper of Rs. 500 Cr has been reaffirmed at IND A1+, the highest short-term rating, and non-convertible debentures of Rs. 250 Cr have been reaffirmed at IND AA with a Positive outlook. A term loan of Rs. 527 Cr (down from Rs. 864 Cr earlier) was also reaffirmed at IND AA/Positive, showing the company has reduced its borrowings. Additionally, Ind-Ra has assigned IND AA/Positive to a proposed term loan of Rs. 1,000 Cr and IND A1+ to a fresh commercial paper of Rs. 500 Cr (yet to be issued). Overall, CEAT's credit profile remains strong with a Positive outlook on its long-term ratings.
This is a positive signal for shareholders and debt investors — ratings have been affirmed at high investment-grade levels and the company is deleveraging by cutting its existing term loan. The Positive outlook suggests scope for further rating upgrade if performance continues, and the fresh credit lines (Rs. 1,500 Cr combined) indicate strong lender confidence and available funding capacity for growth.