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.
