CARE Ratings has reaffirmed the credit ratings for Bharat Forge’s long-term and short-term bank facilities. The long-term facilities rating is CARE AA+; Stable, covering ₹2,900 crore. The short-term bank facilities rating is CARE A1+, covering ₹700.00 crore. Additionally, the rating for Non-Convertible Debentures has been withdrawn. This announcement was made on December 20, 2025.
Credit Ratings Update
Bharat Forge has announced updates regarding its credit ratings, as determined by CARE Ratings. The announcement, dated December 20, 2025, provides details on the reaffirmation and withdrawal of specific ratings.
Long Term and Short Term Facilities
The credit rating for the company’s long-term bank facilities, amounting to ₹2,900.00 crore, has been reaffirmed at CARE AA+; Stable. Similarly, the credit rating for the short-term bank facilities, totaling ₹700.00 crore, has been reaffirmed at CARE A1+. These reaffirmations reflect CARE’s assessment of Bharat Forge’s creditworthiness and stability.
Withdrawal of Rating
CARE Ratings has withdrawn the rating assigned to Bharat Forge’s Non-Convertible Debentures. The specific reasons for the withdrawal were not detailed in the announcement.
Source: BSE
