Bajaj Electricals has informed that the Company on August 21, 2015 has received a letter dated August 11, 2015 from ICRA Limited (‘Rating Agency’) communicating that it has reaffirmed the rating of Companys Commercial Paper (CP) programme of Rs 200 crore to [ICRA] A1 (pronounced ICRA A one). Further, the said Rating Agency, vide its letter dated August 11, 2015 has communicated that it has reaffirmed long term rating of [ICRA] A (pronounced ICRA A) and short term rating of [ICRA] A1 (pronounced ICRA A one) 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.
The above information is a part of company’s filings submitted to BSE.
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