Credit rating agency, CARE has reaffirmed the ratings assigned to the bank facilities of Cera Sanitaryware. The rating agency has reaffirmed A+ rating to the company’s long-term bank facilities worth Rs 94.46 crore while, the rating agency has also reaffirmed A1+ rating to short-term bank facilities worth Rs 22 crore of the company.
The company has received the said rating reaffirmation on the back of vast experience of the promoters along with the strong market position of Cera Sanitaryware (CSL) with an established brand in the Indian sanitaryware industry.
Cera Sanitaryware is a pioneer in the sanitaryware segment in India. Its manufacturing facility is located at Kadi in the Mehsana district of Gujarat.