Announced Wed, 1 Jul · 16:01 IST
CARE Ratings reaffirms credit ratings across bank facilities and NCDs
Credit & Debt View source PDF
SHREECEM · price
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Price reaction · full curve 14 horizons · vs prior close
+3.4%1-day move
₹25885.00
prior close
₹26020.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
CARE Ratings has reaffirmed Shree Cement's credit ratings. Long term bank facilities of Rs 3,095 crores retain CARE AAA Stable, while short term facilities of Rs 2,500 crores hold A1+. The Rs 1,000 crore commercial paper stays at A1+, and Rs 700 crore non-convertible debentures keep AAA Stable. AAA is the highest investment grade, confirming strong financial health and very low default risk.
Likely market impact
Positive sign for investors. Highest AAA rating reaffirmed means low default risk and continued easy access to borrowing at favourable rates.