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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 11100.00
Ambuja Cements 384.75
ACC 1236.65
Shree Cement 22342.90
Dalmia Bharat 1698.10
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