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CARE Rating upgraded DEE Development Engineers' bank facilities, enhancing credit ratings and limits
04-Nov-26   09:48 Hrs IST

DEE Development Engineers Ltd announced ratings upgrades and enhancements across various banking facilities from both CARE Rating Limited and CARE Ratings Limited. Specifically, CARE Edge upgraded the Long Term Bank Facilities from CARE A- to CARE A; Stable, reducing the amount from 205.08 to 169.19, and enhanced the Long Term / Short Term Bank Facilities from CARE A-; Stable / CARE A2+ to CARE A; Stable / CARE A1, increasing the amount from 673.00 to 825.00, alongside an upgrade of Short Term Bank Facilities from CARE A2+ to CARE A1, enhanced from 437.00 to 480.00. The company also holds Term Loans from Yes Bank Ltd (67.03, 9.00, 5.24, 3.00, and 5.24), Bandhan Bank Ltd (22.81, 17.84, and 12.01), IndusInd Bank Ltd (15.65 and 5.99), and Bank of India (0.62), in addition to Fund Based Limits, Letters of Credit, and CC/Packing Credit/WCDL facilities with various banks, including Punjab National Bank, Union Bank of India, Kotak Mahindra Bank Ltd., Export Import Bank of India, and CSB Bank Ltd., alongside a proposed Letter of Credit of 100.00, while CARE Ratings Ltd. has noted a “ISSUER NOT COOPERATING” rating for certain Bank Facilities.

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