Bharat Heavy Electricals Receives Credit Rating Outlook Revision from India Ratings
Bharat Heavy Electricals Limited (BHEL) announced on March 31, 2026, that India Ratings & Research has revised the company's credit outlook from “Stable” to “Positive.” The revision accompanies the reaffirmation of long-term and short-term credit ratings.According to India Ratings & Research, the ratings are based on BHEL’s operational and financial performance through the third quarter of fiscal year 2025-26.
The details of the reaffirmed ratings are as follows:
| Facilities/Instruments | Rating |
|---|---|
| Total Bank Loan Facilities rated (Rs 80000 Crores) | Long Term Rating/Outlook: IND AA-/ Positive Short Term Rating: IND Al+ (Outlook revised to "Positive" from "Stable" after June 2024; Long Term Rating reaffirmed) |
The short-term rating outlook was previously “Stable” and was revised to “Positive” in June 2024.
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