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ICRA reaffirms credit ratings on bank facilities of Bharat Bijlee; Stock up 1%

The rating on Fund-Based Limits Rs340.00cr was reaffirmed at ICRA A+ (Stable)/ ICRA A1+.

April 16, 2021 9:55 IST | India Infoline News Service
ICRA Limited has reaffirmed the Credit Ratings of Bank Facilities of Bharat Bijlee Limited.

The rating on Fund-Based Limits Rs340.00cr was reaffirmed at ICRA A+ (Stable)/ ICRA A1+. The credit rating agency reaffirmed rating on Non-Fund Based Limits Rs428cr at ICRA A+ (Stable)/ ICRA A1+. On the Unallocated Limits of the company for Rs67cr the reading was reaffirmed at ICRA A+ (Stable)/ ICRA A1+.

At around 9.57 am, Bharat Bijlee Ltd was trading at Rs1105.00 +up Rs11.55 or 1.06% from its previous closing of Rs1,093.45 per piece on the BSE.

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