These ratings indicate the highest credit quality in the long- and short-term.
In an exchange filing made after market hours on Friday, 14 February 2020, Bharat Electronics said that the Rating Committee of ICRA has reaffirmed the long-term rating for the Line of Credit (LOC) at [ICRA] AAA (pronounced as ICRA triple A).The Rating Committee of ICRA has also reaffirmed the short-term rating for the LOC at [ICRAJA1+ (pronounced as ICRA A one plus).
The outlook on the long-term rating is stable. These ratings indicate the highest credit quality in the long- and short-term.
The stock closed 2.58% lower to Rs 83.00 yesterday, 14 February 2020.
Bharat Electronics is a state-owned aerospace and defense company with about nine factories, and several regional offices in India. It primarily manufactures advanced electronic products for the Indian Armed Forces. The Government of India held 55.27% stake in the company as on 31 December 2019.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app