Standard Engineering Technology Limited has informed the Exchange about Credit Rating
SETL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Crisil Ratings has revised the outlook on the long-term credit rating of Standard Engineering Technology Limited (SETL) and its material subsidiary S2 Engineering Industry Private Limited from 'Stable' to 'Positive', while reaffirming both the long-term rating at 'Crisil A' and short-term rating at 'Crisil A1'. SETL has Rs. 103.5 crore in bank loan facilities rated, and the subsidiary has Rs. 91 crore rated under this review. The reaffirmation of ratings at 'A' (indicating strong creditworthiness) combined with an improved outlook signals the rating agency's confidence in the company's future financial stability.
The outlook revision to Positive is a positive development for shareholders, as it indicates improving credit health and may lower borrowing costs, potentially supporting the stock favourably.