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Delton Cables Ltd. secures credit rating upgrades from Acuite Ratings for Rs 334.57 crore facilities

28-Oct-26 18:08 Hrs IST

Delton Cables Ltd announced a revision in its credit ratings, disclosing that Acuite Ratings & Research Limited has assigned a Long-Term Rating of ACUITE BBB+/Stable and a Short-Term Rating of ACUITE A2+ to the company's Bank Loan Facilities, totaling a combined outstanding quantum of Rs 334.57 crore; these ratings represent an upgrade from the previous ratings issued by Infomerics Valuation and Rating Pvt. Ltd, which were ‘IVR BBB/Stable’ for the long term and ‘IVR A3+’ for the short term; Acuite reserves the right to revise these ratings at any time and the rating letter will expire on September 16, 2027, with a re-issuance planned for September 17, 2027, subject to fee payment, and lenders/investors are advised to verify the current ratings via Acuite's website or QR code.

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