Credit rating agency, CARE has revised the credit rating assigned by it to the Fixed Deposit (FD) programme of Havells India, from ‘AA+ (FD)’ to ‘AAA (FD)’. The credit rating agency has taken this step after review of recent developments including operational and financial performance of the company for FY14 and 9MFY15.
Havells India is a leading Fast Moving Electrical Goods (FMEG) Company with a strong global footprint. Havells enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Pumps, Fans, Modular Switches, Home Appliances, Electric Water Heaters, Power Capacitors, CFL Lamps etc.
