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Entity-Specific Rating Rationales

26 Mar 2025

Spray Engineering Devices Limited: [ICRA]BBB+ (Stable)/[ICRA]A2 assigned

Spray Engineering Devices Limited: [ICRA]BBB+ (Stable)/[ICRA]A2 assigned

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Entity-Specific Credit Perspective Reports

31 Jul 2017

Spray Engineering Devices Limited

Spray Engineering Devices Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long Term – Fund Based – Term Loan -- -- [ICRA]BBB+(Stable) --
Long Term – Fund Based – Cash Credit -- -- [ICRA]BBB+(Stable) --
Short term – Non-fund based – BG/LC [ICRA]A2 -- -- --
Fund-based-limits -- -- * --
Unallocated -- -- * --
Non-Fund Based Limits * -- -- --

Our Analysts

Analyst 1

Sheetal Sharad

Sector Head

Manish Ballabh
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