Panyam Cements & Mineral Industries Ltd — Important, 09-09-2025: Company Update
09-09-2025 | 05:43 pm
09-09-2025 | 05:43 pm
Panyam Cements & Mineral Industries received updated credit ratings from Infomerics. The long-term bank facilities, totaling 140.00 Cr, were downgraded to IVR BB-/Stable from IVR BB/Stable. Concurrently, short-term bank facilities, amounting to 20.00 Cr, were reaffirmed at IVR A4. This revision, based on the company's operational and financial performance, signals increased credit risk for the total 160.00 Cr facilities. Investors should note that a lower long-term rating can influence the company's borrowing terms and cost of capital, reflecting a higher perceived risk.
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