Elecon Engineering Company Limited — Credit Ratings, 03-07-2025: Credit Rating- New

Elecon Engineering has had its credit rating for Rs. 400 Cr bank facilities reaffirmed by ICRA at [ICRA]AA (Stable) for the long term and [ICRA]A1+ for the short term. This reflects the company’s stable financial health and consistent debt servicing ability. The reaffirmed rating supports continued investor confidence and helps maintain favorable borrowing costs, preserving Elecon’s financial flexibility to meet its operational and growth needs. The stable outlook indicates expected steady credit performance without immediate risks of downgrade.