Centum Electronics Ltd announced ratings upgrades and assignments from both CARE Ratings Limited and CareEdge Ratings, with no rating information provided by other agencies. CARE Ratings Limited upgraded Long-term / Short-term bank facilities amounting to 184.00, enhancing them from 173.52 to CARE BBB; Positive / CARE A3+ and CARE BBB+; Stable / CARE A2, and also upgraded Long-term bank facilities reduced from 259.61 to 249.13, with ratings of CARE BBB; Positive and CARE BBB+; Stable. Additionally, CARE Ratings Ltd. upgraded Long-term / Short-term bank facilities from CARE BBB; Positive to CARE BBB+; Stable / CARE A2, and Long-term bank facilities from CARE BBB; Positive to CARE BBB+; Stable, while assigning a BBB rating with a stable outlook to a long-term bank loan facility of 50 crore, and CareEdge Ratings revised its analytical approach from consolidated to standalone for unspecified instruments. The stable outlook from CARE Ratings reflects expectations of continued growth and improved profitability following the exit of loss-making subsidiaries, anticipating a gradual improvement in the company’s capital structure.