News Stocks Atlanta Electricals Limited receives reaffirmed Crisil A/Stable rating for enhanced bank facilities of Rs. 1460 croresAtlanta Electricals Limited receives reaffirmed Crisil A/Stable rating for enhanced bank facilities of Rs. 1460 crores
Atlanta Electricals Limited received reaffirmed Crisil A/Stable long-term and Crisil A1 short-term credit ratings for enhanced bank facilities of Rs. 1460 crores, increased from Rs. 910 crores. The ratings, dated February 11, 2026, cover diversified banking arrangements across multiple institutions including State Bank of India, HDFC Bank, Axis Bank, and others. The facilities encompass bank guarantees, cash credit, letters of credit, and term loans, with the rating remaining valid until March 31, 2026.
*this image is generated using AI for illustrative purposes only.
Atlanta Electricals Limited has announced that Crisil Ratings Limited has reaffirmed the company's credit ratings for its enhanced bank facilities. The rating update, communicated through a regulatory filing under Regulation 30 of SEBI regulations, reflects the company's maintained creditworthiness across its expanded banking arrangements.
Enhanced Credit Facility Details
The credit rating agency has evaluated and reaffirmed ratings for the company's total bank loan facilities, which have been enhanced significantly from the previous assessment.
| Parameter: | Details |
|---|---|
| Total Bank Loan Facilities Rated: | Rs. 1460 crores (Enhanced from Rs. 910 crores) |
| Long Term Rating: | Crisil A/Stable (Reaffirmed) |
| Short Term Rating: | Crisil A1 (Reaffirmed) |
| Rating Date: | February 11, 2026 |
| Rating Agency: | Crisil Ratings Limited |
Comprehensive Banking Facility Structure
The rated facilities span across multiple banking partners and facility types, demonstrating the company's diversified banking relationships. The total facilities of Rs. 1460 crores comprise various instruments including bank guarantees totaling Rs. 770 crores, cash credit facilities of Rs. 150 crores, letters of credit worth Rs. 400 crores, proposed fund-based limits of Rs. 74.48 crores, and term loans of Rs. 65.52 crores.
Key Banking Partners
The company maintains banking relationships with several prominent financial institutions:
- State Bank of India: Providing Rs. 330 crores across bank guarantees, cash credit, and letters of credit
- HDFC Bank Limited: Offering Rs. 270 crores in various facilities
- Axis Bank Limited: Contributing Rs. 210 crores through multiple instruments
- YES Bank Limited: Providing Rs. 135 crores in banking facilities
- Kotak Mahindra Bank Limited: Offering Rs. 150 crores across different facility types
- The Federal Bank Limited: Contributing Rs. 150 crores in various banking instruments
- Union Bank of India: Providing Rs. 75 crores through bank guarantees and cash credit
- Tata Capital Limited: Offering Rs. 65.52 crores in term loan facilities
Rating Validity and Surveillance
The rating letter remains valid until March 31, 2026, with Crisil Ratings maintaining continuous surveillance over the assigned ratings. The rating agency reserves the right to revise or withdraw ratings based on new information or changing circumstances that may impact the company's creditworthiness. Companies are required to obtain fresh revalidation letters if proposed facilities are not availed within 180 days from the rating date.
The reaffirmed ratings indicate Atlanta Electricals Limited's maintained financial stability and creditworthiness, supporting its access to diversified banking facilities across multiple financial institutions for its operational and growth requirements.
18
