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CRISIL downgrades rating assigned to Sahyadri Industries’ long term bank facilities

06 Dec 2016 Evaluate

Credit rating agency CRISIL has downgraded rating assigned to Sahyadri Industries’ long term bank facilities to ‘BB/Stable’ from ‘BB+/Stable’. Moreover, the credit rating agency has reaffirmed rating assigned to the company’s short term bank facilities at ‘A4+’. 

Sahyadri Industries is a well known group in Building Material Industry based at Pune. The company manufactures corrugated sheets required for roofing purpose and also the various accessories required for roofing purpose.

Peers
Company Name CMP
Ultratech Cement 11187.70
Ambuja Cements 392.50
ACC 1251.40
Shree Cement 22314.55
Dalmia Bharat 1743.45
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