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CRISIL assigns ‘A1+’ rating to Short Term Debt program of Cera Sanitaryware

17 Feb 2015 Evaluate

Credit rating agency, CRISIL has assigned ‘A1+’ rating to Short Term Debt (including Commercial Paper) amounting Rs 30 crore of Cera Sanitaryware. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

Cera Sanitaryware has emerged as the third largest player in the sanitary ware industry in India. The company enjoys 24% market share in the organised segment.

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