Ramco Cements: ICRA reaffirms AA+(Stable) rating on ₹1300 Cr NCDs, assigns same to ₹500 Cr.
ICRA Limited has reaffirmed the AA+(Stable) rating on The Ramco Cements Limited's existing Non-convertible Debentures (NCDs) aggregating ₹1300 crore. The agency also assigned the same rating to a proposed NCD issuance of ₹500 crore. The total rated NCD amount is now ₹1800 crore.
A stable credit rating is crucial for a company's ability to raise debt financing on favorable terms. This reaffirms the company's credit standing, potentially aiding future fundraising efforts.
The reaffirmation and assignment of a stable, high credit rating by ICRA indicates strong financial health and creditworthiness of the company, which is positive for investor confidence.
The Ramco Cements Limited announced that ICRA Limited has reaffirmed its rating of AA+(Stable) on the company's Non-convertible Debentures (NCDs) worth ₹1300 crore. Additionally, ICRA has assigned the same rating of AA+(Stable) to a proposed Non-convertible Debenture issue of ₹500 crore.
The previous rating on ₹800 crore of NCDs was reaffirmed as [ICRA]AA+ (Stable), and another ₹500 crore of NCDs also retained the [ICRA]AA+ (Stable) rating. The total rated NCD amount now stands at ₹1800 crore.
The rating agency also provided details on specific ISIN numbers for NCDs, with amounts ranging from ₹150 crore to ₹200 crore, all carrying the [ICRA]AA+ (Stable) rating. The assignment date for some of these ratings was December 16, 2025.
What to do with a filing like this
The Ramco Cements Limited filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by The Ramco Cements Limited. Read the original for the full detail.