DCM Shriram Ltd sees ICRA reaffirm [ICRA]AA+ (Stable) and [ICRA]A1+ ratings, then withdraw its ₹120 crore commercial paper rating
- [ICRA]AA+ (Stable) reaffirmed on term loans of ₹1,019.82 crore, cash credit of ₹1,349 crore, unallocated limits of ₹17.96 crore and fixed deposits of ₹40 crore.
- [ICRA]A1+ reaffirmed on WCDL of ₹100 crore and non-fund-based limits of ₹1,500 crore.
- [ICRA]A1+ on the ₹120 crore commercial paper programme was reaffirmed before withdrawal.