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.
