Bajaj Electricals gets upgradation in ratings for CP programme

From ICRA

Bajaj Electricals announced that ICRA ('Rating Agency') vide its letter dated 18 August 2016 has communicated that it has upgraded the rating assigned to Company's Commercial Paper (CP) programme of Rs.200 crore from [ICRA]A1 (pronounced ICRA A one) to [ICRA]A1+ (pronounced ICRA A one plus). CP with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations and carry lowest credit risk.

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