From ICRA
The Ramco Cements announced that ICRA has upgraded the long term ratings of the Company from AA to AA+ and reaffirmed the short term ratings of A1+ as detailed below -
Non Convertible Debentures (Rs 500 crore) - AA+ (Stable) (Upgraded)
Term loan facilities (Rs 275 crore) - AA+ (Stable) (Upgraded)
Long term fund based facilities (Rs 614 crore) - AA+ (Stable) (Upgraded)
Short term fund based facilities (Rs 600 crore) - A1+ (Reaffirmed)
Short term non-fund based facilities (Rs 449 crore) - A1+ (Reaffirmed)
Commercial Paper / Short term debt (Rs 742 crore) - A1+ (Reaffirmed)
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