CARE Ratings upgrades Cemindia Projects credit rating to AA-
CEMPRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts more than Nifty Smallcap 250 and 0.1 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CARE Ratings has upgraded Cemindia Projects credit ratings. Long-term facilities including term loan, cash credit and vendor financing moved up from A+ Stable to AA- Stable. Short-term commercial paper upgraded from A1 to A1+. Non-fund-based facilities BG and LC also revised upward to AA- Stable and A1+.
Rating upgrade reflects stronger credit profile and may lower future borrowing costs, a positive signal for shareholders.