CARE revises credit ratings on Hindustan Aeronautics' bank facilities

Hindustan Aeronautics Limited (HAL) is promoted and majorly owned by Government of India (GoI).

Sep 20, 2021 12:09 IST India Infoline News Service

Hindustan Aeronautics
Hindustan Aeronautics Ltd has informed that CARE Ratings Limited ("CARE") has reviewed its ratings based on the recent developments including operational and financial performance of the Company.

Long-term bank facilities has been revised to CARE AAA/Stable while short-term rating has been revised to CARE A1+.

Hindustan Aeronautics Limited (HAL) is promoted and majorly owned by Government of India (GoI).

HAL plays a strategic role in India’s defence programme being the only Indian company having specialisation in aircraft manufacturing and providing its maintenance, Repair and Overhauling services (ROH). 

At around 12:14 PM, HAL shares were trading at Rs1,425 apiece down by Rs5.7 or 0.4% on the BSE.

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