CRISIL reaffirms CRISIL A1+ rating for Bajaj Electricals' short-term debt of Rs100 crore

25 Mar 2022 , 10:02 AM

Bajaj Electricals Limited has reaffirmed its CRISIL A1+ rating for the Company’s Short Term Debt of Rs100 crore. “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,” CRISIL stated in its letter to the company.

The credit rating agency also rated Bank Loan Facilities of Rs2000 crore of the company. The rating on long-term bank facilities is at CRISIL A+ / Watch Developing (Assigned; Placed on ‘Rating Watch with Developing Implications’). Short Term Rating: CRISIL A1+ / Watch Developing (Assigned; Placed on ‘Rating Watch with Developing Implications’).

At around 10.05 am, Bajaj Electricals Ltd was trading at Rs1,051.55 per share down by Rs10.15 or 0.96% from its previous closing of Rs1,061.70 per share on the BSE.