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Ind-Ra upgrades Prism Johnson’s instruments rating

06 Mar 2021 Evaluate

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).

Peers
Company Name CMP
Ultratech Cement 11066.00
Ambuja Cements 358.00
ACC 1158.55
Shree Cement 22749.55
Dalmia Bharat 1595.05
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