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| Exchange Received Time 20/02/2019 15:19:54 Exchange Disseminated Time 20/02/2019 15:20:03 Time Taken 00:00:09 | CARE has assigned the following ratings to BHEL
Commercial Paper (CP)* - Issue size Rs. 4000 crs. - CARE A1+ (Highest)
* Carved out of existing fund based working capital facilities; CP yet to be issued
The rating agency has also reaffirmed its earlier rating for BHEL's existing bank facilities as below:
Long Term Fund based bank facilities - Rs. 6000 Crs. (enhanced from Rs. 5000 crs) - Re-affirmed; CARE AA+ / Stable
Long / Short Term Non-Fund based bank facilities - Rs. 54000 Crs. (reduced from Rs. 55000 crs) - Re-affirmed; CARE AA+ / Stable / CARE A1+
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