CARE upgrades Havells’ rating on long-term bank facilities to ‘AAA’

06 Apr 2016

Credit rating agency, CARE Ratings has upgraded Havells India’s rating on long-term bank facilities to ‘AAA’ from ‘AA+’. Instruments with AAA rating have the highest degree of safety for timely servicing of financial obligations and carry lowest credit risk. The rating agency, however, retained its rating of A1+ on its short-term loan, implying very high degree of safety.

Havells India is a leading FMEG Company with a strong global footprint. It enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Pumps, Fans, Modular Switches, Home Appliances, Electric Water Heaters, Power Capacitors, CFL Lamps etc.

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996.05 11.30 (1.15%) May 06, 12:25
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