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Indian Ratings assigns Prism Cement’s long-term issuer rating at ‘A-’

03 Dec 2013 Evaluate

Credit rating agency, Indian Ratings & Research has assigned Prism Cement a long-term issuer rating of ‘A-’. The outlook is stable. The company has received the said rating on the back of its leading market position, liquidity pressure easing and expectation on improvement in Credit Metrics.

Prism Cement is one of India’s leading integrated building materials companies; with a wide range from cement, ready-mixed concrete, tiles, bath products to kitchens. The company has two cement plants with an annual installed capacity of 5.6mt, located at Satna, Madhya Pradesh.

Peers
Company Name CMP
Ultratech Cement 10878.20
Ambuja Cements 368.00
ACC 1182.00
Shree Cement 21946.15
Dalmia Bharat 1674.00
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