Bharat Electronics: Credit Ratings

Bharat Electronics Ltd has informed BSE that ICRA has reaffirmed the following credit ratings of the company for the year 2016-17:

(i) Long-term rating of [ICRA]AAA (pronounced ICRA triple A) to Rs.200cr fund based bank limits.

(ii) Short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) to Rs.2700cr non-fund based bank limits.

(iii) Short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) to Rs.5cr short-term debt programme.

The outlook on the long-term rating is 'stable'. These ratings indicate the highest credit quality in the long- and short term. The instruments rated in these categories carry the lowest credit risk in the long- and short-term. These ratings (i), (ii) & (iii) are valid till 28 Feb 2017.