CRISIL Reaffirms Bajaj Electricals’ Key Credit Ratings, Withdraws Rating on Rs. 600 Crore Facilities

Bajaj Electricals Limited ( (IN:BAJAJELEC) ) has issued an update.

Bajaj Electricals Limited has had its existing credit ratings on bank loan facilities of Rs. 1,400 crore reaffirmed by CRISIL, which maintained a long-term rating of ‘CRISIL AA-/Stable’ and a short-term rating of ‘CRISIL A1+’. The reaffirmation underscores the company’s continued strong credit profile and financial stability in the eyes of rating agencies, which is important for its funding costs and stakeholder confidence.

At the company’s request, CRISIL has also withdrawn the ‘CRISIL A1+’ short-term rating on an additional Rs. 600 crore of bank-wise loan facilities or limits, after due consideration. This withdrawal may reflect a change in the company’s utilization or structure of specific banking arrangements, but does not affect the reaffirmed ratings on the larger core facilities, which remain in place and support its financing flexibility.

More about Bajaj Electricals Limited

Bajaj Electricals Limited is an Indian consumer electricals and appliances company operating in lighting, durable consumer products, and related electrical solutions. Listed on BSE and NSE, it services both retail and institutional markets, relying on bank loan facilities and capital market access to support its operations and growth plans.

Average Trading Volume: 29,470

Technical Sentiment Signal: Sell

Current Market Cap: 45.94B INR

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