Credit rating agency, ICRA has reaffirmed ratings assigned to bank facilities of Bharat Electronics (BEL) for the year 2015-16. The credit rating agency has reaffirmed Long-term rating of ‘AAA’ to Rs 200 crore fund based bank limits.
Further, the agency has reaffirmed Short-term rating of ‘A1+’ to Rs 2,700 crore non-fund based bank limits while Short-term rating of ‘A1+’ 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.
