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.)

Also Read

SECI invites bids for 400 MWp solar modules with cell manufacturing, supply project

Govt proposes task force to push for 500 GW renewable energy capacity target

HP Govt working on new programme to promote solar power projects: CM

Keel laying of first fleet support ship for Indian Navy held at HSL

SECI issues showcause notices to Reliance Power, its arm over fake bank guarantees