ICRA reaffirms credit ratings assigned to bank facilities of Bharat Electronics

05 Apr 2014 Evaluate

Credit rating agency, ICRA has reaffirmed the ratings assigned to bank facilities of Bharat Electronics for the year 2014-15. The agency has reaffirmed long-term rating of company to ‘AAA’ amounting to Rs 200 crore fund based bank limits. It has also reaffirmed short-term rating of ‘A1+’ assigned to Rs 2,700 crore non-fund based bank limits and to Rs 5 crore short-term debt programme.

The outlook on the long-term rating is stable. These ratings indicate the highest credit quality in the long- and short-term. The instruments rated in these categories carry the lowest credit risk in the long- and short-term.

Bharat Electronics is a multi-product, multi-technology, multi-unit conglomerate with over 350 products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems. It also provides turnkey system solutions like campus network and coastal surveillance.

Bharat Electronics Share Price

294.25 3.35 (1.15%)
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