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MoneyWorks4Me

CARE has downgraded the rating on the long-term bank facilities of Bharat Heavy Electricals (BHEL) to ‘AA’ from ‘AA+’ while reaffirming the outlook to ‘Stable’. The rating on the short-term 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. 395.00
Zetwerk Manufactur 158.80
Thermax 3135.80
Kirloskar Industries 3231.00
Skipper 489.30
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