Fitch affirms UltraTech Cement's credit rating at BBB-
pre-market1 source ↓written by the desknot a recommendation
Fitch Ratings has affirmed UltraTech Cement's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BBB-' with a stable outlook. This affirmation applies to multiple financial instruments, including the USD 400 million senior unsecured notes, which also maintain the same rating.
This rating confirmation underscores UltraTech's strong financial position, potentially enhancing investor confidence and market stability in the cement sector.
Not investment advice. For informational purposes only.