Credit rating agency -- ICRA has reaffirmed the rating of BEML’s non-convertible debenture (NCD) programme at A+. The Outlook on the long-term rating has been revised to Negative from Stable. Instruments with A rating indicate adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
BEML a leading mining and construction equipment manufacturer has designed and developed indigenously over 40 products through its R&D, and are not only working in India but also in 65 countries around the world.
