Bajaj Electricals has informed that the Company has received a letter dated October 21, 2015 from ICRA Limited (‘Rating Agency’) communicating reaffirmation of the rating of the Company’s Non-Convertible Debenture (NCD) programme at [ICRA] A (pronounced ICRA A) and revision in the outlook on the long-term rating from ‘Stable’ to ‘Positive’.
The above information is a part of company’s filings submitted to BSE.