Credit rating agency, India Ratings & Research has revised the Long Term Rating for Bank Loan Facilities to ‘AA+/Negative’ (downgraded from ‘AAA/Stable’) of Bharat Heavy Electricals (BHEL). However, the credit rating agency has affirmed the Short Term Rating at ‘A1+’.
BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.