ICRA has reaffirmed the rating for the Prism Cement's Non Convertible Debentures (NCDs) programme at AA-. The rating indicates high credit quality. The rated instrument carries risk. The outlook on the long term rating has been revised from Stable to 'Negative'.
Prism Cement is one of India's leading integrated building materials companies; with a wide range from cement, ready-mixed concrete, tiles, bath products to kitchens.