Sagar Cements Limited — Credit Ratings, 08-05-2025: Credit Rating- Revision

India Ratings has downgraded Sagar Cements Limited’s long-term bank facilities and non-convertible debentures to IND BBB+ (Negative outlook) from IND A, and its short-term rating to IND A2 from IND A1. The downgrade reflects weaker credit metrics driven by higher leverage and reduced debt servicing capacity, with term loans of INR 2059.60 million (205.96 Cr) and NCDs of INR 115.40 million (11.54 Cr). This revision is likely to increase the company’s borrowing costs and dampen investor confidence, signaling tighter liquidity and limited financial flexibility going forward.