India Ratings downgrades Sagar Cements to BBB, outlook revised to Stable

Rating DowngradedDebt PrepaidNew Credit FacilityCredit & Debt View source PDF

SAGCEM · price

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▲ 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

-3.2%1-day move

₹180.60

prior close

₹180.99

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-3.2-3.4-0.4+0.0-0.8-1.8+1.9———

Up moveDown movePending

AI summary

India Ratings downgraded Sagar Cements bank loan facilities. Long-term rating moved from IND BBB+/Negative to IND BBB/Stable; short-term from IND A2 to IND A3+. Rated bank facilities about INR 7,709.6 million were downgraded and INR 1,930.4 million were newly assigned. NCDs of INR 115.4 million were repaid in full and rating withdrawn.

Likely market impact

Downgrade signals weaker credit profile, but shift from Negative outlook to Stable offers some reassurance on near-term stability.