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Entity-Specific Rating Rationales

15 Oct 2025

20 Microns Limited: Long-term rating upgraded to [ICRA]A (Stable); outlook revised to stable and short-term rating reaffirmed

20 Microns Limited: Long-term rating upgraded to [ICRA]A (Stable); outlook revised to stable and short-term rating reaffirmed

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09 Apr 2025

20 Microns Limited: Ratings reaffirmed; Outlook revised to Positive from Stable

20 Microns Limited: Ratings reaffirmed; Outlook revised to Positive from Stable

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03 Apr 2024

20 Microns Limited: Ratings reaffirmed

20 Microns Limited: Ratings reaffirmed

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09 Mar 2023

20 Microns Limited: [ICRA]A-(Stable); Ratings reaffirmed; assigned and reaffirmed for enhanced amount

20 Microns Limited: [ICRA]A-(Stable); Ratings reaffirmed; assigned and reaffirmed for enhanced amount

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27 Feb 2023

20 Microns Limited: [ICRA]A-(Stable); assigned

20 Microns Limited: [ICRA]A-(Stable); assigned

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Entity-Specific Credit Perspective Reports

14 Nov 2025

20 Microns Limited

20 Microns Limited (Non-SF)

09 May 2025

20 Microns Limited

20 Microns Limited (Non-SF)

19 Apr 2024

20 Microns Limited

20 Microns Limited (Non-SF)

29 Mar 2023

20 Microns Limited

20 Microns Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long Term - Fund Based - Cash Credit -- -- [ICRA]A(Stable) --
Term Loans -- -- [ICRA]A(Stable) --
Non fund based [ICRA]A2+ -- -- --
Long Term Fund ^ -- Withdrawn --

Our Analysts

Analyst 1

Aman Kumar

Analyst 2

Varun Gogia

Sector Head

Girishkumar Kashiram Kadam
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