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.

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