STEEL EXCHANGE INDIA LIMITED — Credit Ratings, 09-10-2025: Credit Rating- Revision

CareEdge Ratings has upgraded Steel Exchange India Ltd.'s credit ratings. Non-Convertible Debentures and Long-Term Bank Facilities are now CARE BB+; Stable (from BB-; Stable), while Short-Term Facilities moved to CARE A4+ (from A4). This positive change reflects improved operational and financial performance, successful capacity expansion, and a significant ₹350 Cr debt refinancing, reducing interest costs.