India Ratings Affirms Credit Ratings for Ceat Ltd's Debentures, Commercial Paper and Bank Loans
India Ratings and Research (IndRa) has provided credit ratings for various instruments of Ceat Ltd. The ratings cover Non-Convertible Debentures, Commercial Paper, and Bank Loan Facilities, with the agency affirming and reassessing the status of these facilities.The credit rating details presented by IndRa include specific amounts and associated outlooks for each instrument type.
According to the provided data on the credit ratings, the instruments and their corresponding ratings are as follows:
| Instrument Type | Amount (Rs. in Crores) | Rating/Outlook | Rating Action |
|---|---|---|---|
| Non - Convertible Debentures | 150.00 (Reduced from Rs.250) | IND AA/Positive | Affirmed |
| Commercial Paper | 1,000.00 | IND A1+ | Affirmed |
| Bank Loan Facilities | 1,522.12 (Reduced from Rs.1,526.87) | IND AA/Positive/IND A1+ | Long-term rating affirmed; Reassigned |
The ratings for the Non - Convertible Debentures were Affirmed at IND AA/Positive, despite a reduction in the instrument's amount. For Commercial Paper, the rating was Affirmed and stands at IND A1+. The Bank Loan Facilities received an affirmation of its long-term rating and were reassigned with a rating of IND AA/Positive/IND A1+.
CEATLTD Stock Price Movement
CEAT Limited shares slipped by 0.55% on Friday, closing at ₹3799.4 after trading within the intraday range of ₹3761.2 to ₹3845. The stock saw a total traded volume of 180,481 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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