<h1>ICRA Reaffirms Credit Ratings for JTEKT India Ltd’s Long-Term and Short-Term Bank Facilities</h1>
Jtekt India Limited has received credit ratings from ICRA Limited regarding its banking facilities, which span long-term and short-term instruments. The rating actions have affirmed the company's standing across various debt components.
ICRA Limited assessed JTEKT India Limited’s instruments, with a total rated amount of 689.14 Rs. crore for the various bank limits and funds. ICRA reaffirmed the long-term bank facilities rating at [ICRA] AA (Stable) and assigned the short-term bank facilities rating at [ICRA] A1+.
The comprehensive details of the instruments rated by ICRA, including their amounts and respective ratings, are summarized below:
| Instrument | Rated Amount (Rs. crore) | Rating Action |
|---|---|---|
| Long-term - Term loan | 509.29 | [ICRA]AA (Stable); reaffirmed and assigned for enhanced amount |
| Long-term - Fund-based limits | 58.35 | [ICRA]AA (Stable); reaffirmed |
| Long-term/short-term-Fund based/Non-fund based | 89.00 | [ICRA]AA (Stable)/[ICRA]A1+; reaffirmed |
| Short-term - Fund based | 12.50 | [ICRA]A1+; reaffirmed |
| Short-term - non-fund based | 20.00 | [ICRA]A1+; reaffirmed |
| Total | 689.14 |
Beyond the overall assessment, ICRA provided specific ratings for bank limits across multiple financial institutions. These limits include Cash Credit and Term Loans from major banks.
The detailed breakdown of Bank Limits Rated by ICRA includes:
| Details of Bank Limits Rated by ICRA | Instrument Name | Amount (Rs. Crore) | Rating | Rating Assigned On |
|---|---|---|---|---|
| State Bank of India | Cash Credit | 30.85 | [ICRA]AA(Stable) | July 03, 2026 |
| Standard Chartered Bank | Cash Credit | 27.50 | [ICRA]AA(Stable) | July 03, 2026 |
| MUFG Bank Limited | Term Loans | 201.15 | [ICRA]AA(Stable) | July 03, 2026 |
| Sumitomo Mitsui Banking Corporation | Term Loans | 228.14 | [ICRA]AA(Stable) | July 03, 2026 |
| Standard Chartered Bank | Term Loans | 80.00 | [ICRA]AA(Stable) | July 03, 2026 |
| Standard Chartered Bank | Fund Based Limits | 12.50 | [ICRA]A1+ | July 03, 2026 |
| Standard Chartered Bank | NonFund-Based Facilities | 20.00 | [ICRA]A1+ | July 03, 2026 |
| MUFG Bank Limited | Fund/Non Fund-based Limits | 39.00 | [ICRA]AA(Stable)/[ICRA]A1+ | July 03, 2026 |
| Sumitomo Mitsui Banking Corporation | Fund/Non Fund-based Limits | 39.00 | [ICRA]AA(Stable)/[ICRA]A1+ | July 03, 2026 |
| Mizuho Bank Limited | Fund/Non Fund-based Limits | 11.00 | [ICRA]AA(Stable)/[ICRA]A1+ | July 03, 2026 |
JTEKTINDIA Stock Price Movement
As of 2:50 PM, shares of Jtekt India Limited are shedding value in live trading, currently resting at ₹139.55 after dipping by 3.59%. The equity has seen considerable intraday movement, having carved out a low of ₹139.12 and touching a high of ₹146.16 during the session so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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