ICRA has reaffirmed the long-term rating of ITD Cementation India for the Line of Credit (LOC) at A. The Outlook on the long-term rating has been revised to Negative from Stable. The agency has also reaffirmed the short-term rating of the company for the captioned LOC at A1.
ITD Cementation India is an India-based company involved in construction and civil engineering. The company is engaged in construction of a range of structures, which include maritime structures, mass rapid transport systems (MRTS), airports and other foundations.
