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CARE reaffirms rating of Chettinad Cement Corporation’s bank facilities

12 Apr 2013 Evaluate

Credit rating agency, CARE has reaffirmed ‘AA-’ rating to Chettinad Cement Corporation’s long term bank facilities worth Rs 450 crore. The rating agency has also reaffirmed A1+ rating to the company’s short term bank facilities worth Rs 125 crore.

The company has received the said rating reaffirmation on the back of its established track record in the cement industry.

Chettinad Cement Corporation is engaged in production of cement, fused silca, silica and purity quartz grits.

Peers
Company Name CMP
Ultratech Cement 10811.15
Ambuja Cements 358.55
ACC 1163.85
Shree Cement 22311.00
Dalmia Bharat 1623.70
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