Credit rating agency, CARE has reaffirmed ‘A3’ rating to DCM Shriram Industries’ short-term bank facilities. The rating agency has also revised rating of company’s long-term bank facilities and Fixed deposit (FD) programme to ‘BBB+’ from ‘BBB’.
DCM Shriram is a diversified company with business in agriculture, chemicals, plastics, cement, textiles and energy services. DCM Shriram had transferred its PVC compounding business to Shriram Vinyl, last year.