Steel Exchange India Limited's Credit Rating Upgraded by Infomerics
Steel Exchange India Limited's credit ratings have been upgraded by Infomerics. Non-Convertible Debentures (₹198.56 crore) and Long-Term Bank Facilities (₹150.00 crore and ₹10.00 crore) are now rated IVR BBB-/Stable. Short-Term Bank Facilities (₹40.00 crore) upgraded to IVR A3. This signifies improved creditworthiness.
An upgrade in credit ratings can lead to better borrowing terms, lower interest costs, and increased investor confidence, positively impacting the company's financial flexibility and access to capital.
The company's credit ratings for multiple debt instruments and bank facilities have been upgraded, indicating an improved financial health and lower risk profile.
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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STEEL EXCHANGE INDIA LIMITED filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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