Credit rating agency -- India Ratings and Research, (Ind-Ra) has upgraded Prism Johnson’s Non-convertible debentures (NCDs), Term loans and Fund-based limits at ‘A+’ with stable outlook. Non-fund-based working capital limits, Unsecured short-term loans and Commercial paper (CP) Programme has been upgraded to ‘A1+’.The rating also upgraded company’s term deposit programme to ‘tAA-’.
Prism Johnson (formally known as Prism Cement) is a building materials company. The company has interest in Portland cement, tiles, bathroom and kitchen (TBK) and ready mixed concrete (RMC).
