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CARE assigns ‘AA+; Stable’ rating to BHEL’s long term fund based bank facilities

17 May 2017 Evaluate

Credit rating agency, CARE Ratings has assigned rating of ‘AA+; Stable’ to long term fund based bank facilities of Bharat Heavy Electricals (BHEL). The rating agency has also assigned ‘AA+; Stable/ A1+’ rating to the company’s long & short term non-fund based bank facilities.

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. 430.50
Thermax 3138.35
Kirloskar Industries 3460.65
Skipper 516.65
INDO-MIM 1238.40
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