Coromandel International Limited has informed the Exchange about Credit Rating
COROMANDEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Coromandel International has received a credit rating reaffirmation from India Ratings & Research, announced on August 22, 2025. The company's issuer rating has been retained at IND AAA with a Stable outlook, the highest investment grade. Bank loan facilities of Rs. 2,500 crores have been reaffirmed at IND AAA/Stable for long-term and IND A1+ for short-term. Commercial paper of Rs. 1,000 crores has also been reaffirmed at IND A1+. This is a routine confirmation that the company's credit quality remains at the top tier with no near-term concerns flagged by the rating agency.
No negative impact on shareholders; the highest-tier rating reaffirmation reflects strong financial health and low borrowing risk, which is positive for the company's ability to raise funds cheaply.