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India Ratings & Research revises rating assigned to bank facilities of BHEL

01 Sep 2016 Evaluate

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.



Peers
Company Name CMP
Bharat Heavy Elect. 434.00
Thermax 3550.45
Kirloskar Industries 3695.90
Skipper 565.95
INDO-MIM 1057.85
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