CRISIL downgrades Deccan Cements to BB and A4+; company disputes move

Rating DowngradedRating JunkDebt PrepaidCredit & Debt View source PDF

DECCANCE · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+2.1%1-day move

₹566.10

prior close

—

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+2.1+2.0+0.4+0.5+4.1+1.4————

Up moveDown movePending

AI summary

CRISIL downgraded Deccan Cements long-term rating from BBB/Stable to BB/Stable and short-term from A3+ to A4+, tagging the firm as Issuer Not Cooperating. The action was dated 6 July 2026 and the ratings are unverified. The company disputes the move, stating it had already paid off all term loans to banks and had communicated this to CRISIL on the same day. CRISIL did not factor in this update or confirm with the bankers.

Likely market impact

Downgrade to sub-investment grade (junk) territory may hurt sentiment, though the company disputes it, saying no term loans were outstanding.