ICRA upgrades Shetron's credit rating on bank facilities worth Rs 79.32 cr
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ICRA has upgraded Shetron Limited's credit ratings on bank facilities totaling Rs 79.32 crore. Long-term rating moved up from BB+ (Positive) to BBB- (Stable), and short-term rating improved from A4+ to A3. The ratings cover cash credit, term loans, and letter of credit limits with State Bank of India and ICICI Bank. Outlook was revised from Positive to Stable.
Positive for shareholders; stronger credit profile may lower borrowing costs and improve access to bank funding.