Credit rating agency, ICRA has reaffirmed the rating of Bajaj Electricals Non-Convertible Debenture (NCD) programme at ‘A’ and the outlook on the long-term rating has been revised from negative to stable.
Bajaj Electricals, part of the Rs 20,000 crore Bajaj Group, is engaged in business appliances, fans, lighting, luminaries and engineering and projects.