H.G. Infra Engineering has received upgrade in long term facilities to [ICRA]AA- (pronounced ICRA double A minus) from [ICRA]A+ (pronounced ICRA A plus) and upgraded the short term facilities rating to [ICRA]A1+ (pronounced ICRA A one plus) from [ICRA]Al (pronounced as ICRA A one).
ICRA has also upgraded the long term rating to [ICRA]AA-from [ICRA]A+ for the Rs. 97.00 crore non-convertible debentures of the company. The outlook on the rating has been revised to 'Stable' from 'Positive'.
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