Saurashtra Cement's Long-Term Ratings Re-affirmed at BBB- (Stable) by ICRA
ICRA has re-affirmed Saurashtra Cement Limited's long-term credit ratings at BBB- (Stable) for instruments totaling ₹404.00 crore. This includes ratings for term loans, non-fund-based facilities, cash credit, and unallocated facilities. The ratings were reaffirmed on September 29, 2026.
Re-affirmation of existing credit ratings, without any upgrade, generally has a limited immediate impact on the company's stock price or operations. It signals stability rather than a material change.
The credit rating has been re-affirmed at the same level, indicating no significant change in the company's creditworthiness. While stable, it does not represent an upgrade or significant positive development.
Saurashtra Cement Limited announced that ICRA Limited has re-affirmed its credit ratings for the company's various long-term instruments. The re-affirmation, dated September 29, 2026, applies to a total amount of ₹404.00 crore.
Specifically, the ratings include BBB- (Stable) for a long-term fund-based term loan of ₹31.95 crore, BBB- (Stable) for a long-term non-fund-based facility of ₹340.00 crore, BBB- (Stable) for a long-term fund-based cash credit facility of ₹20.00 crore, and BBB- (Stable) for a long-term unallocated facility of ₹12.05 crore. These ratings are in accordance with the rating agreement between Saurashtra Cement Limited and ICRA Limited, and are subject to surveillance within one year.
ICRA also reserves the right to review or revise these ratings based on new information or circumstances. The company has uploaded this information on its website. The details of the bank limits rated by ICRA, including specific banks and dates of rating assignment (September 18, 2026), are also provided.
What to do with a filing like this
Saurashtra Cement 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 low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Saurashtra Cement Limited. Read the original for the full detail.