CARE downgrades rating on long-term bank facilities of BHEL
29th Jun 2020

CARE has downgraded the rating on the long-term bank facilities of Bharat Heavy Electricals (BHEL) to ‘AA’ from ‘AA+’ while reaffirming the outlook to ‘Stable’. The rating on the short-term facilities has been reaffirmed at ‘A1+’.

BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.