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.
