Fitch Affirms UltraTech Cement With 'BBB-' Ratings, Stable Outlook

Ratings m India i Fitch Ratings nding as t UltraTech Cement Ltd.'s producer globally, excluding China, and the leading producer in India.

Fitch also affirmed the company's $400 million, 2.8% senior, unsecured noted due in 2031 with the same rating. < $400 million su 2.8% yFeed_highLightText__NxlGi">1:55 2031 . 0.67% UltraTech summaryFeed_highLightText__NxlGi">Rs 8,788.10 0.24% UltraTech "summaryFeed_highLightText__NxlGi">Fitch Rati third span> China Gi">Grasim Industries Ltd.India Fitch lass="summaryFeed_highLightText__NxlGi">UltraTech 2.5 Fitch UltraTech mmaryFeed_highLightText__NxlGi">1.0 Ebitda Stable Outlook >Ebitda Fitch yFeed_highLightText_ UltraTech ltraTech India the end March 2023 Text__NxlGi">Fitch Indian Ebitda ummaryFeed_highLightText__NxlGi">Ebitda UltraTechFitch span cl Key Rating Drivers ighLightText__NxlGi">Ultra UltraTech Cement an class="summaryFe 137.9 million tonne xlGi">Fitch 22% highLightText__NxlGi">2027 187