Marine Electricals (India) Limited — Credit Ratings, 24-07-2026: Credit Rating

ICRA Limited upgraded Marine Electricals' long-term bank facilities to [ICRA]A- (Stable) from [ICRA]BBB+(Stable) and short-term facilities to [ICRA]A2+ from [ICRA]A2. This impacts various bank instruments like term loans (assigned [ICRA]A- Stable), cash credit, bank guarantees, and unallocated limits. Total facilities rated are 419.50 Cr.