ICRA reviews & reaffirms ratings of BEL
New Delhi: State-owned BEL said in a regulatory filing on Tuesday that ICRA, a credit rating agency has retained credit ratings of the company for various facilities/instruments. The credit rating agency has reaffirmed ratings for fund-based limits, long-term facilities-unallocated and non-fund-based facilities.
"ICRA has rated fund-based limits worth Rs 500 crores and long term-unallocated worth Rs 300 crores as [ICRA]AAA (Stable)," the filing added. Also, non-fund-based facilities worth Rs 4,500 crores by the company has received [ICRA]A1+ rating.
"These ratings indicate the highest credit quality in the long-term and short-term. The instruments rated in these categories carry the lowest credit risk in the long-term and short-term. These ratings are valid till March 1, 2024," said the filing.
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