Orient Cement’s credit ratings upgraded, reaffirmed by CARE
Orient Cement Limited announced on October 11, 2025, that CARE Ratings Limited (CARE) has reassigned and affirmed its credit ratings. The long-term bank facilities, amounting to INR 537.40 crore, have been upgraded to CARE AAA; Stable from CARE AA-, with the rating watch removed. Similarly, the long-term/short-term bank facilities, totaling INR 75.00 crore, saw their long-term rating upgraded to CARE AAA; Stable and their short-term rating reaffirmed at CARE A1+, also with the rating watch removed.
For its commercial papers, Orient Cement received reaffirmations. The commercial paper carved out of sanctioned working capital limits, valued at INR 150.00 crore, was reaffirmed at CARE A1+. Another commercial paper, amounting to INR 100.00 crore, was also reaffirmed at CARE A1+. Both commercial paper ratings had their rating watch with positive implications removed.
These changes reflect an improved credit profile for Orient Cement across its total bank facilities of INR 612.40 crore and total short-term instruments of INR 250.00 crore.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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