Bajaj Electricals receives revision in credit ratings from ICRA

Bajaj Electricals has received reaffirmation in credit ratings from ICRA with revision in outlook as follows:

i. reaffirmed the long-term rating at [ICRA]A- (pronounced ICRA A minus) and short-term rating at [ICRA]A2+ (pronounced ICRA A two plus) for Rs.4,742.50 crore Line of Credit of the Company. The Outlook on the said long-term rating has been revised to 'Stable' from 'Negative'; and

ii. reaffirmed the rating for Rs.200 crore Non-Convertible Debenture (NCD) programme of the Company at [ICRA]A- (pronounced ICRA A minus). The Outlook on the long-term rating for the said NCD programme has been revised to 'Stable' from 'Negative'.

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