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.