Mangalam Cement Limited has informed the Exchange about Credit Rating
MANGLMCEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings has reaffirmed Mangalam Cement's credit ratings across all bank facilities and instruments. Long-term bank facilities of Rs. 478.41 crore retained CARE A+ with Stable outlook, though the limit was reduced from Rs. 567.35 crore. Long/short-term bank facilities of Rs. 535.00 crore (enhanced from Rs. 410.00 crore) were reaffirmed at CARE A+; Stable / CARE A1+. Short-term bank facilities of Rs. 75.00 crore and commercial paper of Rs. 75.00 crore were reaffirmed at CARE A1+. There is no change in the rating category — only a reshuffling of facility limits.
Neutral to mildly positive for shareholders. Ratings remain in the strong investment-grade band (A+/Stable), signalling continued financial health, though the reduction in long-term facility limits may reflect lower borrowing needs or partial repayment.