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MIC Electronics Ltd. sees credit rating upgrades from Brickwork and BWR for banking facilities
14-Aug-2026, 12:55
MIC Electronics Ltd announced credit rating actions from both Brickwork Ratings and BWR regarding its various banking facilities. Brickwork Ratings upgraded the rating for Fund Based – Term Loan, Cash Credit, and WCTL to BWR BB /Stable from the previous BWR BB /Stable, and assigned a BWR A4 + rating to Non-Fund Based – Bank Guarantee, previously rated BWR A3. BWR revised the ratings for Bank Loan Facilities amounting to 110.82 Crs to BWR BB/Stable and BWR A4+, and assigned ratings of BWR BB /Stable to Fund Based Cash Credit-Sanctioned (amounting to 31.00), BWR BBB- /Stable to Term Loan-Outstanding (12.78), BWR BBB- /Stable to Cash Credit-Proposed (22.45), BWR BBB- /Stable to WCTL(ECLGS)- Sanctioned, BWR A4 + to Bank Guarantee-Sanctioned (8.00), BWR A3 to Bank Guarantee-Proposed, and further assignments for Cash Credit - Sanctioned (20.00), Cash Credit - Proposed (29.00), Term Loan - Sanctioned (10.35), WCTL (ECLGS) - Sanctioned (3.99), Bank Guarantee - Sanctioned (4.00), Bank Guarantee - Proposed (26.29), Cash Credit - Sanctioned (11.00), WCTL (ECLGS) - Sanctioned (2.19), Bank Guarantee-Sanctioned (4.00), and Bank Guarantee - Proposed (26.29), along with annual reviews for Bank Loan Facilities (110.82 Crs) referencing BWR's rating letter dated 31-Oct-2025.
MIC Electronics Ltd announced credit rating actions from both Brickwork Ratings and BWR regarding its various banking facilities. Brickwork Ratings upgraded the rating for Fund Based – Term Loan, Cash Credit, and WCTL to BWR BB /Stable from the previous BWR BB /Stable, and assigned a BWR A4 + rating to Non-Fund Based – Bank Guarantee, previously rated BWR A3. BWR revised the ratings for Bank Loan Facilities amounting to 110.82 Crs to BWR BB/Stable and BWR A4+, and assigned ratings of BWR BB /Stable to Fund Based Cash Credit-Sanctioned (amounting to 31.00), BWR BBB- /Stable to Term Loan-Outstanding (12.78), BWR BBB- /Stable to Cash Credit-Proposed (22.45), BWR BBB- /Stable to WCTL(ECLGS)- Sanctioned, BWR A4 + to Bank Guarantee-Sanctioned (8.00), BWR A3 to Bank Guarantee-Proposed, and further assignments for Cash Credit - Sanctioned (20.00), Cash Credit - Proposed (29.00), Term Loan - Sanctioned (10.35), WCTL (ECLGS) - Sanctioned (3.99), Bank Guarantee - Sanctioned (4.00), Bank Guarantee - Proposed (26.29), Cash Credit - Sanctioned (11.00), WCTL (ECLGS) - Sanctioned (2.19), Bank Guarantee-Sanctioned (4.00), and Bank Guarantee - Proposed (26.29), along with annual reviews for Bank Loan Facilities (110.82 Crs) referencing BWR's rating letter dated 31-Oct-2025.