CRISIL upgrades credit rating for ILJIN Electronics
after close1 source ↓written by the desknot a recommendation
- loan facilities totaling
- ₹320 cr
Amber Enterprises India Limited announced a credit rating upgrade for its subsidiary, ILJIN Electronics, by CRISIL Ratings. The long-term rating improved from CRISIL A+ to CRISIL AA-/Positive, while the short-term rating rose from CRISIL A1 to CRISIL A1+. This upgrade signals enhanced financial stability and affects bank loan facilities totaling ₹320 cr.
The upgrade removes ILJIN Electronics from the Rating Watch, indicating a more stable outlook, which may positively influence investor sentiment in the sector.
Not investment advice. For informational purposes only.