Saurashtra Cement Limited has informed the Exchange about Credit Rating
SAURASHCEM · price
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Saurashtra Cement Limited has received a credit rating reaffirmation from ICRA Limited for its bank facilities totaling Rs. 404 crore. The rating of [ICRA]BBB- (Stable) was assigned across three instruments: a Rs. 44 crore term loan, Rs. 340 crore non-fund-based facility, and Rs. 20 crore cash credit. The rating was communicated by ICRA on May 30, 2025, and the company formally accepted it on June 2, 2025. This is a reaffirmation of the existing rating, meaning no change in the credit assessment from ICRA. The outlook remains Stable, indicating ICRA's view that the rating is unlikely to change in the near term.
This is a neutral event for shareholders — the rating has been maintained, not upgraded or downgraded. The BBB- (Stable) rating means the company remains in the investment-grade category with steady debt-servicing capacity, which should support continued access to bank funding at existing terms.