Bajaj Electricals Limited has informed the Exchange about Credit Rating
BAJAJELEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bajaj Electricals informed exchanges that CRISIL Ratings has reaffirmed its credit ratings on bank loan facilities totalling Rs. 1,400 crore — Long Term rating at CRISIL AA-/Stable and Short Term rating at CRISIL A1+. Separately, at the company's own request, CRISIL withdrew its rating on Rs. 600 crore in proposed non-fund based limits that had not been availed. The facilities are spread across multiple lenders including HDFC Bank, ICICI Bank, SBI, Axis Bank, YES Bank, Standard Chartered, Kotak Mahindra, Bank of India, IDBI Bank, and Emirates NBD Bank.
This is a neutral-to-slightly-positive signal — the reaffirmation of strong AA-/Stable and A1+ ratings (both high investment grade) confirms Bajaj Electricals' credit quality and stable financial standing, with no negative rating action. The withdrawal relates only to unutilised proposed limits and is unlikely to affect borrowing costs or investor perception.