Credit rating agency, CARE has reaffirmed ‘AA+’ rating to Blue Star’s long term bank facilities worth Rs 50.00 crore and ‘A1+’ rating to company’s Short term Bank Facilities worth Rs 810 crore. The rating agency has also reaffirmed ‘A1+’ rating to company’s Commercial Paper worth Rs 300 crore.
The ratings continue to factor in BSL proven track record and dominant market position in the central air-conditioning and cooling products business, reputed client base, panIndia presence with a wide marketing and dealers network.
Blue Star is India’s leading central air-conditioning and commercial refrigeration company fulfilling the cooling requirements and providing end-to-end solutions as a manufacturer, contractor and after-sales service provider to corporate, commercial, institutional and residential customers. The company has six manufacturing facilities located at Thane, Bharuch, Dadra, Himachal and Wada.
