BHARAT ELECTRONICS LTD. - Credit Rating

Bharat Electronics Ltd has informed BSE that ICRA has reaffirmed the following credit ratings of the Company for the year 2015-16<BR><BR>1. Long-term rating of [ICRA]AAA (pronounced ICRA triple A) to Rs. 200cr fund based bank limits.<BR><BR>2. Short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) to Rs. 2700cr non-fund based bank limits.<BR><BR>3. Short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) to Rs. 5cr short-term Debt programme.<BR><BR>The outlook on the long-term rating is 'stable'. These ratings indicate the highest credit quality in the long- and short-term. The instruments rated in these categories carry the lowest credit risk in the long- and short-term. These ratings (i) & (ii) are valid till February 28, 2016, and rating (iii) till March 12, 2016.