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Cemindia Projects Ltd. sees credit rating upgrades from CARE Ratings across multiple instruments

03-Sep-26   20:35 Hrs IST

Cemindia Projects Ltd announced a revision in credit ratings from CARE Ratings Limited, impacting several instruments. Specifically, CARE Ratings upgraded the Long-term Term Loan, Fund-Based Facilities, Long-term Cash Credit, and Long-term Vendor Financing from CARE A+; Stable to CARE AA-; Stable. Additionally, the Commercial Paper (a short-term instrument), BG/LC (Long-term/Short-term) and BG/LC (Long-term/Short-term) were upgraded from CARE A1 to CARE A1+, and from CARE A+; Stable to CARE AA-; Stable / CARE A1+ respectively. There were no enhancements, assignments, or withdrawals reported beyond these rating actions.

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