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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 11066.00
Ambuja Cements 358.00
ACC 1158.55
Shree Cement 22749.55
Dalmia Bharat 1595.05
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