Announced Wed, 8 Jul · 18:17 IST
Deccan Cements downgraded to BB by CRISIL; company disputes rating action
DECCANCE · price
▲ 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 to BB/Stable from BBB/Stable, and short-term rating to A4+ from A3+. CRISIL cited issuer non-cooperation as the reason. The company counters that it had fully repaid all term loans before the rating action and had informed CRISIL, but CRISIL did not verify this with the banks. BB rating falls below investment grade.
Likely market impact
Rating cuts below investment grade may hurt sentiment. Company disputes the move citing full loan repayment, so real financial impact could be limited.