HG Infra Engineering receives upgrade in credit ratings from ICRA

27 Apr 2022 , 01:33 AM

HG 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 9700 crore non-convertible debentures of the company The outlook on the rating has been revised to Stable from Positive