Ambuja Cements secures strong credit ratings for bank facilities

Ambuja Cements Limited informed the National Stock Exchange of India, BSE Limited, and Luxembourg Stock Exchange about credit ratings assigned to its bank facilities. CARE Ratings Limited (CareEdge) evaluated the company's financial instruments.

The long-term bank facilities, totaling 3,943.00 crore rupees, received a rating of CARE AAA; Stable / CARE A1+. Similarly, the short-term bank facilities, amounting to 57.00 crore rupees, were also assigned a rating of CARE AAA; Stable / CARE A1+. These ratings apply to total bank facilities of 4,000.00 crore rupees.

The announcement was made by Manish Mistry, company secretary and compliance officer of Ambuja Cements Limited.