CRISIL assigns AA/Stable and A1+ ratings to Cemindia Projects’ bank facilities
- Credit rating
- Construction
Cemindia Projects Limited, formerly ITD Cementation India Limited, has told the exchanges that Crisil Ratings Limited has communicated new credit ratings for its bank loan facilities. The long-term rating is Crisil AA/Stable and the short-term rating is Crisil A1+, and both are marked as assigned. The company filed the disclosure on 14 Oct 2026.
The filing is a short letter that gives only the ratings and does not state the amount of the facilities or the agency’s reasoning.
Inference
Both ratings are new assignments, so they are not changes to an earlier Crisil rating. A rating of AA indicates the agency’s view of the company’s ability to meet its debt obligations, and a stable outlook means no change is currently expected.
The amount rated is not given in the filing. The company’s separate filing on the same day concerns a qualified institutions placement of equity shares.
Reference: Original filing (PDF)
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