Care Edge provides credit ratings to BEML for 3 instruments

New Delhi: State-owned BEML stated in a regulatory filing on Thursday that it has received credit ratings from the Care Edge for three instruments. The filing also stated that the company received "CARE A1+ (A One Plus) rating" for its commercial paper (carved out), amounting to Rs 400 crores.

The company received "CARE A+; Stable/ CARE A1+ (Single A Plus; Outlook: Facilities Stable/A one Plus) rating" for its short-term bank facilities worth Rs 4,000 crores, said the filing.

Apart from this, BEML also received "CARE A+: Stable (Single A 1,500 Facilities Plus; Outlook; Stable) rating" for long term bank facilities worth Rs 1,500 crores.

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