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Cemindia Projects Ltd. sees credit rating upgrades from ICRA Limited across multiple facilities
03-Sep-2026, 08:35

Cemindia Projects Ltd announced a revision in credit ratings from ICRA Limited, impacting several facilities. The rating agency upgraded the Long-term Term Loan, Long-term Working Capital, and Non-fund based limits (LT/ST) from [ICRA]A+ (Stable) / [ICRA]A1 to [ICRA]AA (Stable) / [ICRA]A1+, while the Non-fund based limits (LT/ST) were also upgraded from [ICRA]A+ (Stable) / [ICRA]A1. There were no assignments, withdrawals, or enhancements related to any other rating agencies or instruments beyond those specifically detailed by ICRA Limited.