Deccan Cements Limited (DCL) has been informed about the credit rating actions by CRISIL Ratings Limited. The long-term rating for bank loan facilities has been downgraded to CRISIL BB/Stable, and the short-term rating to CRISIL A4+. These rating actions were communicated on July 6, 2026. The company notes that it had paid its entire term loans to the respective banks on July 6, 2026, and had informed the rating agency about this prior to the rating rationale being communicated. DCL states that as of the date of communication by CRISIL (July 6, 2026), there were no outstanding term loans to be rated. However, the rating agency reportedly did not consider the company's communication or confirm with the bankers. Previously, on July 31, 2025, CRISIL had upgraded the long-term rating to CRISIL BB+/Stable and the short-term rating to CRISIL A3+. The current ratings carry an 'ISSUER NOT COOPERATING' status.
