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CARE reaffirms ‘A3’ rating assigned to bank facilities of DCM Shriram Industries

01 Oct 2016 Evaluate

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.


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