CRISIL assigns A1+ rating on Bajaj Electricals short-term debt instrument

14 Jan 2022 , 09:49 AM

CRISIL Ratings Limited has been assigned a CRISIL A1+ rating for Bajaj Electricals Limited Short Term Debt of Rs100cr.

“The instruments with this rating are considered to have a very strong degree of safety regarding timely payment of financial obligations and such instruments carry the lowest credit risk,” Company shared CRISIL’s statement in the rating letter.

At around 9.52 AM, Bajaj Electricals Ltd was trading at Rs1,234.50 per share up by Rs3 or 0.24% from its previous closing of Rs1,231.50 per share on the BSE.

The scrip opened at Rs1,225 and has touched a high and low of Rs1,247 and Rs1,225 respectively