SHREE CEMENT LIMITED has informed the Exchange about Credit Rating
SHREECEM · price
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Awaiting price reaction for this filing.
Shree Cement has received a long-term Foreign Currency Issuer rating of 'BBB+ with stable outlook' from CareEdge Global IFSC Limited, described as among the highest in India for foreign currency ratings. The company continues to hold its top domestic ratings of 'AAA/Stable' for long-term credit facilities and 'A1+' for short-term credit facilities, reflecting strong operational performance and financial health. The announcement also references the company's strong ESG profile with a CareEdge-ESG 1 rating and score of 70.8 (assigned in May 2025). Overall, the filing reaffirms Shree Cement's robust creditworthiness across both domestic and international credit assessments.
Positive for shareholders — the reaffirmation of the highest domestic credit ratings and a strong foreign currency rating signal low default risk, strong financial health, and easier access to global capital markets at competitive rates. This typically supports investor confidence and borrowing costs.