Bharat Forge Limited has informed the Exchange about Credit Rating
BHARATFORG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ICRA has reaffirmed Bharat Forge's credit ratings across all facilities at AA+ (Stable) for long-term and A1+ for short-term, including fund-based working capital, term loans, non-fund based facilities, unallocated limits, issuer rating, and a Rs 125 crore non-convertible debenture. The rating on a separate Rs 700 crore non-convertible debenture was reaffirmed and simultaneously withdrawn, as the current outstanding rated amount is now zero. This indicates that the Rs 700 crore NCD has been fully redeemed or matured, reducing the company's rated debt obligations.
Reaffirmation at AA+ (Stable) reflects continued strong credit quality and financial health, which is positive for shareholders. The withdrawal of rating on the Rs 700 crore NCD signals meaningful deleveraging and reduced interest burden, supporting the company's balance sheet strength.