Steel Exchange India Limited's Credit Rating Upgraded by Infomerics
Steel Exchange India Limited has announced an upgrade in its credit ratings for various debt instruments and bank facilities by Infomerics Valuation and Rating Limited. The Non-Convertible Debentures ...
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Why is STEEL EXCHANGE INDIA LIMITED in the news today?
STEEL EXCHANGE INDIA LIMITED (STEELXIND) is in the news due to the company's credit ratings for multiple debt instruments and bank facilities have been upgraded, indicating an improved financial health and lower risk profile.
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Steel Exchange India Limited's Credit Rating Upgraded by Infomerics
December 31, 2025, 08:29 AM
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Steel Exchange India Limited has announced an upgrade in its credit ratings for various debt instruments and bank facilities by Infomerics Valuation and Rating Limited. The Non-Convertible Debentures (NCDs) of ₹198.56 crore have been upgraded to IVR BBB-/Stable. Similarly, Long-Term Bank Facilities for Term Loans (₹150.00 crore) and Cash Credit (₹10.00 crore) have been assigned or upgraded to IVR BBB-/Stable. The Short-Term Bank Facilities for Bank Guarantee (₹40.00 crore) have been upgraded to IVR A3.
Previously, these ratings were assigned by CareEdge Ratings Limited. The rating for NCDs was CARE BB+/Stable, and for Short-Term Bank Facilities was IVR A4+.
This announcement was made on December 31, 2025, with the rating agency's letter dated December 30, 2025.
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