ICRA reaffirms credit ratings for HAL  
Defence Watch

ICRA reaffirms credit ratings for HAL

ICRA has reaffirmed ratings of HAL for its long-term fund-based cash credit and short-term non-fund-based facilities

Defence Watch Bureau

New Delhi: State-owned Hindustan Aeronautics Limited (HAL) said in a regulatory filing on Wednesday that ICRA has reaffirmed ratings of HAL for its long-term fund-based cash credit and short-term non-fund-based facilities.

Further, the filing noted that HAL received a credit rating of "ICRA AAA; Stable" for its long-term fund-based facilities worth Rs 4,000 crores. It received "[ICRA] A1+" for short-term non-fund-based facilities worth Rs 2,050 crores.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

GRSE signs MoU with Germany’s Reintjes GmbH to enhance marine propulsion capabilities

RITES, iSky Transport sign MoU to explore sustainable urban mobility solutions

Finance Ministry working on strategy to insulate economy from geo political shocks: DIPAM Secy

NSDL's Rs 4,011 crore IPO subscribed 41 times on final day of offer

India Post Payments Bank starts Aadhaar-based face authentication for digital banking