Shankara Building Products receives ratings action from CRISIL

Shankara Building Products has received revision in credit ratings from CRISIL as under:

Total bank facilities rated - Rs 595 crore
Long term rating - CRISIL BBB/ Stable (Downgraded from CRISIL BBB+; Removed from 'Rating Watch with Developing Implications')

Short term rating - CRISIL A3+ (Downgraded from CRISIL A2)

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