Shankara Building Products experienced a credit rating revision from CRISIL. The company's total bank facilities, rated at Rs 595 crore, saw its long-term rating downgraded to CRISIL BBB Stable from CRISIL BBB, and its short-term rating lowered to CRISIL A3 from CRISIL A2. The previous 'Rating Watch with Developing Implications' status was removed.