Steel Exchange India Rating Upgraded by Infomerics
Steel Exchange India Limited has received a significant credit rating upgrade from Infomerics Valuation and Rating Limited. The company's long-term credit rating has been elevated by two notches to IVR BBB+/Stable, and its short-term rating has been upgraded to IVR A2. This upgrade reflects the company's strong operational and financial performance in FY26, alongside an increase in the total rated bank facilities from ₹200.00 crore to ₹359.63 crore, and listed Non-Convertible Debentures from ₹198.56 crore to ₹558.19 crore. This marks the second consecutive upgrade by Infomerics, underscoring sustained improvement in the company's credit profile and enhancing its financial flexibility for growth initiatives.
Key Highlights
- Long-term credit rating upgraded to IVR BBB+/Stable by Infomerics.
- Short-term credit rating upgraded to IVR A2.
- Total rated bank facilities increased to ₹359.63 crore.
- Second successive rating upgrade reflects sustained credit profile improvement.
- Enhanced financial flexibility for working capital and growth.
Price Impact
More from STEELXIND