ICRA has reaffirmed long-term rating of [ICRA]AAA to Rs 200 cr fund based bank limits and short-term rating of [ICRA]A1+ to Rs 2700 cr non-fund based bank limits of Bharat Electronics.
Bharat Electronics Ltd has informed BSE that ICRA has reaffirmed the following credit ratings of the Company for the year 2014-15:1. Long-term rating of [ICRA]AAA (pronounced ICRA triple A) to Rs. 200 cr fund based bank limits.2. Short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) to Rs. 2700 cr non-fund based bank limits.3. Short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) to Rs. 5 cr 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. These ratings (i) & (ii) are valid till February 28, 2015, and rating (iii) till March 31, 2015.Source : BSE
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