Credit rating agency, India Ratings & Research (Fitch Group) has affirmed the short term rating of working facilities of HEG at ‘A1+’ and has downgraded long term issuer rating to ‘A+’ from ‘AA-‘. The outlook is rated as stable.
HEG is amongst the leading graphite electrode manufacturer in India. The company owns one of the largest integrated graphite electrode plants in South-East Asia that processes sophisticated UHP (Ultra High Power) Electrodes.