CEAT Limited — Credit Ratings, 17-06-2025: Credit Rating

CARE Ratings has reaffirmed CEAT Limited’s long-term bank facilities at CARE AA with a positive outlook and maintained its short-term facilities and commercial paper ratings at CARE A1+. Additionally, CARE assigned a CARE AA; Positive rating to the proposed NCDs worth Rs. 500 Cr. The upgrade in sanctioned limits for long-term and CP facilities reflects confidence in CEAT’s strong credit profile and financial flexibility. The positive outlook signals potential for further rating improvement driven by robust business performance and liquidity position. This rating action is likely to improve CEAT’s borrowing costs and bolster investor confidence, enhancing its strategic financial headroom.