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Sagar Cements receives affirmation in credit ratings

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Capital Market
Last Updated : Aug 04 2020 | 11:17 AM IST

From India Ratings and Research

Sagar Cements announced that India Ratings and Research has affirmed the company's Long-Term Issuer Rating at 'IND A-'. The Outlook is Stable. The instrument-wise rating actions are given below:

Fund-based working capital limit (Rs 132 crore) - IND A-/Stable / IND A2+ (affirmed)

Non-fund based working capital limit (Rs 100 crore) - IND A2+ (affirmed)

Term loan (Rs 135.65 crore) - IND A-/Stable (affirmed)

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First Published: Aug 04 2020 | 10:12 AM IST

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