ALFA Filings
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Deccan Cements clarified that Infomerics Valuation and Rating Limited conducted a rating review for a previously withdrawn Rs. 50 Crore NCD proposal, despite the company's request.
Deccan Cements received a credit rating update from CARE Ratings, with long-term bank facilities downgraded to CARE BBB/Stable and short-term ratings reaffirmed at CARE A3+.
CRISIL downgraded Deccan Cements' long-term rating to 'CRISIL BB/Stable' (Issuer Not Cooperating). The company noted that all term loans were already repaid before the rating action.
Infomerics assigned a long-term rating of IVR BBB-/Negative (ISSUER NOT COOPERATING*) to Deccan Cements. The company had withdrawn the proposed NCD issuance before the review.