Bharat Electronics has informed that ICRA has reaffirmed the credit ratings of the company for the year 2016-17: Long-term rating of [ICRA]AAA (pronounced ICRA triple A) to Rs 200cr fund based bank limits, Short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) to Rs 2700cr non-fund based bank limits, and Short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) to Rs 5cr short-term debt programme. The outlook on the long-term rating is ‘stable’. These ratings indicate the highest credit quality in the long- and short term. The instruments rated in these categories carry the lowest credit risk in the long- and short-term. These ratings are valid till 28 Feb 2017.
The above information is a part of company’s filings submitted to BSE.
