CRISIL downgrades ratings assigned to bank loan facilities and debt facilities of KCP

26 Oct 2013

Credit rating agency, CRISIL has downgraded the ratings of KCP’s bank loan facilities and debt facilities to ‘BBB+/Stable /CRISIL A2’ from ‘CRISIL A-/Stable/CRISIL A2+’. The ratings on the company’s fixed deposit programme have also been downgraded to ‘FA-/Stable’ from ‘FA/Stable’.

KCP is a diversified business group with interests in heavy engineering, sugar, cement, hydel power, information technology and biotechnology. KCP's cement division has a state-of-the-art cement manufacturing plant at Macherla in Andhra Pradesh.

KCP Share Price

59.85 -2.85 (-4.55%) Nov 15, 18:01
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Company Name CMP
Ultratech Cement 4078.55
ACC 1485.25
Shree Cement 19507.00
Ambuja Cement 201.05
JP Associate 2.09
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