Bajaj Electricals has informed about submission of a letter dated December 17, 2018 received from ICRA informing the company that it has reaffirmed the long-term rating of A+ and short-term rating of A1+ assigned earlier to the Rs 4367.50 crore Line of Credit of company, and also assigned short-term Commercial Paper rating of A1+ to the additional limit of Rs 500 crore. The outlook on the long-term rating is revised from stable to Negative.
The above information is a part of company’s filings submitted to BSE.
