ICRA Limited has reviewed its ratings based on the recent developments in the Hindustan Aeronautics Limited (HAL).
The long-term Fund Based/ Cash Credit Rs10,000cr has been upgraded to ICRA AAA: Stable from ICRA AA+ and outlook revised to Stable from Positive.
The credit rating agency has reaffirmed ratings on short-term non-fund-based Rs2,050cr and Commercial Paper (CP) issue at ICRA A1+.
At around 1.22 pm, Hindustan Aeronautics Ltd was trading at Rs1,320 per piece up by Rs9.25 or 0.71% from its previous closing of Rs1,310.75 per piece on the BSE.
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