Credit rating agency, ICRA has reaffirmed the following ratings to the various loans / bank limits of the Bharat Electronics. The rating agency has reaffirmed Long-term rating of ‘AAA /Stable’ to fund based bank limits amounting Rs 200 crore which would be valid till Feb 28, 2014. It has also reaffirmed short-term rating of ‘A1+’ to non-fund based bank limits amounting to Rs 2700 crore which is also valid till Feb 28, 2014. Besides, rating of ‘A3+’ has been reaffirmed to the short-term debt programme amounting Rs 5 crore which would be valid till March 31, 2014.
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 was set up at Bangalore by the Government of India under the Ministry of Defence in 1954 to meet the specialized electronic needs of the Indian defence services. Over the years, it has grown into a multi-product, multi-technology, multi-unit company serving the needs of customers in diverse fields in India and abroad.
Company Name | CMP |
---|---|
BHEL | 242.40 |
Bharat Electronics | 293.80 |
Thermax | 4569.95 |
Kirloskar Oil Eng | 1015.25 |
GMM Pfaudler | 1205.00 |
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