News Brief | October 2015
BHEL loans outlook downgraded
Rating agency Crisil has downgraded its outlook on BHEL´s long-term bank facilities to ´negative´ from ´stable´, as the company´s project execution and profitability will remain vulnerable to structural issues plaguing the power sector.
The company´s working capital cycle will remain stretched. It, however, reaffirmed ´AAA´ rating for the long term facility and ´A1+´ for short term loans.