CRISIL has upgraded the credit rating for IL JIN Electronics (India) Private Limited, a material subsidiary of Amber Enterprises. The long-term rating is now CRISIL AA-/Positive (up from ‘Crisil A+’) and the short-term rating is CRISIL A1+ (up from ‘Crisil A1’). The ‘Rating Watch with Developing Implications’ has been removed. The ratings reflect IL JIN’s improved financial risk profile.
IL JIN Credit Rating Enhanced
CRISIL Ratings has upgraded the credit ratings on the bank facilities of IL JIN Electronics (India) Private Limited. This upgrade signifies a positive shift in the company’s creditworthiness. The improved ratings reflect a stronger financial outlook and reduced risk assessment by CRISIL. The revised ratings are effective as of November 21, 2025.
New Ratings Details
The specific upgrades are as follows:
- Long Term Rating: Now CRISIL AA-/Positive, upgraded from ‘Crisil A+’. The ‘Rating Watch with Developing Implications’ has been removed.
- Short Term Rating: Now CRISIL A1+, upgraded from ‘Crisil A1’. The ‘Rating Watch with Developing Implications’ has also been removed.
The total bank loan facilities rated are worth Rs. 320 Crore.
Bank Facility Breakdown
The Rs. 320 Crore bank facilities are distributed across various banks:
- YES Bank Limited: Rs. 90 Crore (Fund-Based Facilities)
- ICICI Bank Limited: Rs. 80 Crore (Fund-Based Facilities)
- HDFC Bank Limited: Rs. 20 Crore (Fund-Based Facilities)
- Axis Bank Limited: Rs. 30 Crore (Fund-Based Facilities)
- HDFC Bank Limited: Rs. 50 Crore (Long Term Loan)
- Shinhan Bank: Rs. 25 Crore (Long Term Loan)
- HDFC Bank Limited: Rs. 5 Crore (Non-Fund Based Limit)
- Axis Bank Limited: Rs. 20 Crore (Non-Fund Based Limit)
Source: BSE