Bajaj Electricals gets downgrade in credit ratings from ICRA

Bajaj Electricals announced that ICRA has downgraded the credit ratings of the company as follows -

Line of credit (long term) - From [ICRA]A+ to [ICRA]A
Line of credit (short term) - From [ICRA]A1+ to [ICRA]A1
Commercial paper - From [ICRA]A1+ to [ICRA]A1
NCDs - From [ICRA]A+ to [ICRA]A
NCDs - From [ICRA]A+ to [ICRA]A

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