HBL Engineering Limited has had its credit ratings reaffirmed by CARE Ratings Limited. The long-term bank facilities have been assigned a rating of ‘CARE AA-; Stable’, while the short-term bank facilities have been rated ‘CARE A1+’. The outlook on the long-term rating is stable, indicating confidence in the company’s future financial performance and its ability to meet its debt obligations. This reaffirmation signifies the rating agency’s continued positive assessment of HBL Engineering’s operational and financial standing.
HBL Engineering Limited’s Credit Ratings Reaffirmed
HBL Engineering Limited (formerly HBL Power Systems Limited) has received a reaffirmation of its credit ratings for its bank facilities from CARE Ratings Limited. This intimation, made on November 07, 2026, highlights the continued positive assessment of the company’s creditworthiness by the rating agency.
Key Rating Details
The revised ratings, based on the company’s operational and financial performance for FY26 (audited) and Q1FY27 (unaudited), include:
- Long Term Bank Facilities (Amount: ₹149.00 crore): Rated ‘CARE AA-; Stable’. The rating action is a Reaffirmation, with the long-term rating assigned a Stable outlook.
- Long Term / Short Term Bank Facilities (Amount: ₹751.00 crore): Rated ‘CARE AA-; Stable / CARE A1+’. The rating action is a Reaffirmation, with the long-term rating having a Stable outlook and the short-term rating reaffirmed.
- Short Term Bank Facilities (Amount: ₹95.00 crore): Rated ‘CARE A1+’. The rating action is a Reaffirmation.
Assessment Basis
The ratings reflect CARE Ratings’ review of recent developments, including the company’s operational and financial performance for FY26 and Q1FY27, and their potential impact on HBL Engineering’s credit profile. The total rated facilities amount to ₹995.00 crore.
Source: BSE
