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Bajaj Electrical - Credit Rating

By Religare

Bajaj Electricals Ltd has informed BSE that the Company on August 21, 2015 has received a letter dated August 11, 2015 from ICRA Limited ('Rating Agency') communicating that it has reaffirmed the rating of Company's Commercial Paper (CP) programme of Rs. 200 crore to [ICRA] A1 (pronounced ICRA A one).

Further, the said Rating Agency, vide its letter letter dated August 11, 2015 has communicated that it has reaffirmed long term rating of [ICRA] A (pronounced ICRA A) and short term rating of [ICRA] A1 (pronounced ICRA A one) for Company's Line of Credit (LOC) of Rs. 2,334.41 crore. The outlook on the long-term rating has been revised from Negative to Stable.

Story first published: Friday, August 21, 2015, 12:20 [IST]
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