Shankara Building Products Limited has informed the Exchange about Credit Rating
SHANKARA · price
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Awaiting price reaction for this filing.
Shankara Building Products Limited has disclosed its credit rating assigned by CRISIL on its total bank loan facilities of Rs. 595 crore. The long-term rating stands at CRISIL BBB+ with a 'Watch Developing' outlook, and the short-term rating is CRISIL A2. The rating was the same during the period April 1, 2025 to June 3, 2025, meaning this is essentially a reaffirmation with no change. The 'Watch Developing' outlook means CRISIL is closely monitoring the company and the rating could be revised either upwards or downwards depending on how things develop. Bank-wise, the company has cash credit and letter of credit facilities spread across YES Bank, IDFC First, ICICI, Standard Chartered, IndusInd, Federal Bank, Kotak, HDFC, Citibank, and South Indian Bank.
No change in rating means no immediate impact on the stock. The 'Watch Developing' tag signals that investors should keep an eye on future updates, as the rating could move in either direction, which may affect borrowing costs and investor sentiment.