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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.

Peers
Company Name CMP
Bharat Heavy Elect. 388.85
Zetwerk Manufactur 163.15
Thermax 3131.10
Kirloskar Industries 3125.20
Skipper 479.90
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