Credit rating agency, ICRA has reaffirmed the long-term rating of ‘BBB+’ and the short-term rating of ‘A2’ assigned to the line of credit of BGR Energy Systems. The outlook on the long-term rating has been revised from Negative to Stable. The aforesaid ratings are valid till November 30, 2015.
BGR Energy Systems is engaged in supplying of systems and equipment and contracting turnkey engineering project. The company started as a joint venture between GEA Energietechnik GmbH, Germany and the promoter B G Raghupathy in order to produce and sell on-line condenser tube cleaning systems, debris filters and rubber cleaning balls used in thermal and nuclear power plants.
