Credit rating agency -- CRISIL has revised long-term bank rating for Bharat Heavy Electricals (BHEL) from ‘AA+’ to ‘AA’ on weaker-than-expected operating performance and the continued decline in net cash levels in the first half of the current financial year (H1FY20). The rating on the short-term bank facilities has been reaffirmed 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.
