ICRA reaffirms ratings assigned to bank facilities of Bajaj Electricals

Credit rating agency, ICRA has reaffirmed the rating of Bajaj Electricals’ commercial paper (CP) programme of Rs 200 crore at ‘A1’. Further, the rating agency has also reaffirmed the long term rating at ‘A’ and short term rating at ‘A1’ for company’s Line of Credit (LOC) of Rs 2,334.41 crore. 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.