Shankara Building Products: CRISIL downgrades long-term rating to BBB/Stable, short-term to A3+
Shankara Building Products Limited has been informed by CRISIL that the credit rating agency has assigned and subsequently reviewed the credit rating for the company's bank facilities. CRISIL has dow...
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Why is Shankara Building Products Limited in the news today?
Shankara Building Products Limited (SHANKARA) is in the news due to the company's credit rating has been downgraded by crisil, indicating a potentially weaker financial position or increased risk.
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Shankara Building Products: CRISIL downgrades long-term rating to BBB/Stable, short-term to A3+
January 2, 2026, 03:46 AM
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Shankara Building Products Limited has been informed by CRISIL that the credit rating agency has assigned and subsequently reviewed the credit rating for the company's bank facilities.
CRISIL has downgraded the long-term rating to CRISIL BBB/Stable from CRISIL BBB+ and removed it from 'Rating Watch with Developing Implications'. The short-term rating has been downgraded to CRISIL A3+ from CRISIL A2.
The total bank loan facilities rated amount to ₹595 Crore. The ratings are valid until March 31, 2026. CRISIL will continue to keep the ratings under surveillance and may revise them based on new information or circumstances. The company must obtain a fresh revalidation letter from CRISIL if proposed facilities are not availed within 180 days.
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