Announced Thu, 16 Jul · 18:19 IST
ICRA reaffirms AA rating with Positive outlook on Rs 400 cr bank facilities
Credit & Debt View source PDF
ELECON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹462.50
prior close
₹462.45
base price
After-mkt
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AI summary
ICRA has reaffirmed the credit rating for Elecon Engineering's bank facilities worth Rs 400 crores at [ICRA]AA (Positive) for long-term and [ICRA]A1+ for short-term fund and non-fund based limits. The rated limits are spread across SBI (Rs 170 cr), Axis Bank (Rs 70 cr), HDFC Bank (Rs 70 cr), and IDBI Bank (Rs 90 cr). The Positive outlook indicates room for a future upgrade, signalling strong financial health.
Likely market impact
Reaffirmation of a high-grade rating with Positive outlook reflects a strong credit profile and may help keep borrowing costs favourable.