Salzer Electronics Limited has informed the Exchange about Credit Rating
SALZERELEC · price
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Awaiting price reaction for this filing.
Salzer Electronics informed exchanges that CRISIL has reviewed its bank loan facilities as part of its annual surveillance exercise. The long-term rating was reaffirmed at CRISIL A/Stable and the short-term rating at CRISIL A1. Total rated bank facilities rose to Rs. 534.62 crore from Rs. 410.62 crore earlier, an increase of Rs. 124 crore. Both ratings indicate a stable financial profile with comfortable debt-servicing capability. The company has added fresh borrowings to its rated facility pool, which CRISIL continues to rate investment grade.
Positive for shareholders — ratings were maintained at investment grade despite higher debt, suggesting lenders remain confident in the company's creditworthiness. The increase in rated facilities indicates expanded access to bank credit, which can support growth plans.