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Spectrum Electrical Industries' bank loan facilities boosted to Rs. 320 Crore, receiving a Crisil A- rating

09-Nov-26 22:33 Hrs IST

Spectrum Electrical Industries Ltd. announced enhancements and reaffirmations across a range of its debt instruments by CRISIL Ratings Ltd., including an enhancement of bank loan facilities from Rs. 250 Crore to Rs. 320 Crore, with the total bank loan facilities of Rs. 320 Crore now carrying a Crisil A- /Stable (Long Term) rating and a Crisil A2+ (Short Term) rating, both reaffirmed; other reaffirmed instruments include Bank Loan Facilities totaling Rs. 250 Crore, a Bank Guarantee of 0.14 Crore (Crisil A2+), Bill Discounting of 1 Crore (Crisil A2+), Cash Credit facilities of 25 Crore (Crisil A-/Stable), 40 Crore (Crisil A-/Stable), and 30 Crore (Crisil A-/Stable), Channel Financing of 25 Crore (Crisil A-/Stable), a Letter of Credit of 0.21 Crore (Crisil A2+), a Proposed Working Capital Facility of 2.34 Crore (Crisil A2+), Term Loans of 51.01 Crore (Crisil A-/Stable), 100.3 Crore (Crisil A-/Stable), a Working Capital Demand Loan of 20 Crore (Crisil A-/Stable), and another Working Capital Demand Loan of 25 Crore (Crisil A-/Stable), all with reaffirmations; the rating letter for the enhancement of bank loan facilities is dated November 6, 2026.

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