ICRA upgrades Marine Electricals ratings to A- (Stable) and A2+

Rating UpgradedCredit & Debt View source PDF

MARINE · price

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Price reaction · full curve 14 horizons · vs prior close

+9.1%1-day move

₹248.20

prior close

₹252.30

base price

In-mkt

timing

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AI summary

ICRA upgraded Marine Electricals credit ratings. Long-term facilities of Rs. 103 crore upgraded from BBB+ to A- with Stable outlook. Short-term facilities of Rs. 294.50 crore upgraded from A2 to A2+. Total rated amount Rs. 419.50 crore across SBI, IndusInd, Kotak and Yes Bank. Unallocated limits of Rs. 22 crore also upgraded.

Likely market impact

Positive - stronger credit profile may lower borrowing costs and boost investor confidence in the stock.