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Spectrum Electrical Industries Limited ( (IN:SPECTRUM) ) just unveiled an update.
Spectrum Electrical Industries Limited has had its aggregate rated bank facilities increased from Rs.150 crore to Rs.250 crore by CRISIL Ratings Limited, signalling expanded borrowing capacity to support its business requirements. Concurrently, CRISIL upgraded the company’s long-term rating to CRISIL BBB+/Stable from CRISIL BBB/Positive and its short-term rating to CRISIL A2 from CRISIL A3+, indicating an improved assessment of its credit profile and timely debt-servicing capability, which may enhance the firm’s access to bank funding and potentially lower its financing costs.
More about Spectrum Electrical Industries Limited
Spectrum Electrical Industries Limited is an India-based electrical and engineering company, operating through bank-funded facilities to support its manufacturing and related business activities. The company accesses both long-term and short-term bank borrowings to finance its operations and growth, reflecting its ongoing presence in the organised industrial and electrical products segment.
Average Trading Volume: 235
Technical Sentiment Signal: Strong Sell
Current Market Cap: 16.9B INR
For a thorough assessment of SPECTRUM stock, go to TipRanks’ Stock Analysis page.