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.)

MNRE advises REIAs to grant up to 4 months' extension to RE projects hit by West Asia disruptions

Coal India incorporates Singapore subsidiary CIL Global to pursue overseas critical minerals assets

US envoy Gor hails India's C-130J role as Tata-Lockheed joint venture targets 80-aircraft IAF deal

Govt tightens horticulture subsidy rules, bars ministers, MPs, MLAs from scheme benefits

RBI's concessional swap scheme mobilises $73 billion in less than 11 weeks