JD Cables Ltd receives Credit Rating Upgrade for Bank Facilities from IVR BBB-/Stable to IVR BBB/Stable
JD Cables Ltd has seen a revision and upgrade in its credit rating assigned by Infomerics Valuation and Rating Limited. The company's total bank loan facilities were rated upgraded following the assessment conducted by the agency.The revised ratings, published on July 1, 2026, reflect the improved standing of the company’s lending profile with various financial institutions.
According to the rating assignment details provided by Infomerics, the revision targeted the Total Bank Loan Facilities Rated. The facility size was reported as ₹ 71.70 Crores prior to the revision and was subsequently raised to ₹ 83.00 Crores following the upgrade process.
The credit rating for these facilities moved from IVR BBB-/Stable to IVR BBB/Stable, signifying an enhancement in the company's debt capacity assessed by Infomerics.
Key financial metrics related to the credit rating assignment are presented below:
| Credit Item | Existing Rating | Revised Rating |
|---|---|---|
| Total Bank Loan Facilities Rated | IVR BBB-/Stable | IVR BBB/Stable |
| Corresponding Facility Size | ₹ 71.70 Crores | ₹ 83.00 Crores |
Details of Rated Banking Facilities
The rating covered several major banking facilities held by JD Cables Ltd. These include Cash Credit facilities from two prominent lenders, as detailed in the rated instrument annexure:| Lender Name | Facility/Security Type | Size of Facility (Rs. Crore) | Rating Assigned / Outlook |
|---|---|---|---|
| Punjab National Bank | Cash Credit | 33.00 | IVR BBB/ Stable |
| ICICI Bank | Cash Credit | 50.00 | IVR BBB/ Stable |
Stock Price Movement
As of 12:30, JD Cables Ltd shares are edging higher at ₹238.55, climbing 0.04%. The stock is fluctuating intraday, having tested a low of ₹236.00 and seeing highs reach ₹245.00.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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