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.