12-Oct-2026Today's Market Indicators

Shetron Ltd announced credit rating enhancements and initial ratings from ICRA, impacting a range of instruments including Long Term Facilities amounting to 46.00, Short Term Facilities totaling 32.00, an Unallocated Limit of 1.32, a Long-term Fund-based Cash Credit of 33.75, a Long-term Fund-based Term Loan of 12.25, further Unallocated Limits of 1.32, Short-term Non-fund based Others of 32.00, and various Cash Credit facilities (23.75 with State Bank of India and 10.00 with ICICI Bank Limited), Letter of Credit facilities (15.00 with State Bank of India and 17.00 with ICICI Bank Limited), Term Loans (10.82 and 1.43 with ICICI Bank Limited), and additional Unallocated Limits of 1.32; ICRA upgraded Long Term Facilities from [ICRA]BB+ (Positive) to [ICRA]BBB-(Stable) with a revised outlook to Stable from Positive, upgraded Short Term Facilities from [ICRA]A4+ to [ICRA]A3, upgraded the Unallocated Limit from (ICRA)BB+ (Positive)/(ICRA)A4+ to [ICRA]BBB-(Stable)/(ICRA)A3 with a revised outlook to Stable from Positive, upgraded Long-term Fund -based Cash credit from [ICRA]BB+ (Positive) to [ICRA]BBB- (Stable) with a revised outlook to Stable from Positive, upgraded Long-term Fund -based Term loan from [ICRA]BB+ (Positive) to [ICRA]BBB- (Stable) with a revised outlook to Stable from Positive, upgraded Unallocated limits from [ICRA]BB+ (Positive)/ [ICRA]A4+ to [ICRA]BBB- (Stable)/ [ICRA]A3 with a revised outlook to Stable from Positive, and upgraded Short -term Non -fund based - Others from [ICRA]A4+ to [ICRA]A3 with a revised outlook to Stable from Positive, while also assigning initial ratings to Cash Credit, Letter of Credit, and Term Loans with State Bank of India, ICICI Bank Limited, and ICRA, with ratings available on ICRA’s website (www.icra.in) subject to change based on terms/size of instrument.