Bharat Heavy Electricals Limited (BHEL) announced that M/s India Ratings & Research has revised its outlook on the company’s credit rating from “Stable” to “Positive” as of March 30, 2026. The Long Term Rating remains at IND AA+, while the outlook revision reflects improved performance prospects. The revision is effective immediately and pertains to BHEL’s total bank loan facilities amounting to Rs 80,000 Crores.
Credit Rating Update Announced
Bharat Heavy Electricals Limited (BHEL) has formally communicated an update regarding its credit rating status as disclosed by M/s India Ratings & Research. The revision specifically affects the outlook assigned to the company’s debt instruments.
Key Rating Details
The key details of the rating revision, effective from March 30, 2026, are as follows:
- Facilities/Instruments: Total Bank Loan facilities rated at (Rs 80000 Crores).
- Long Term Rating/Outlook: Revised to IND AA+/Positive.
- Short Term Rating: IND A1+.
- Outlook Note: The outlook was revised to “Positive” from “Stable” after the Jun’ 2024 review, confirming the Long Term Rating reaffirmed.
Basis for Revision
The change in outlook reflects the agency’s assessment of BHEL’s Operational & Financial performance for the period up to Q3/FY 2025-26. This positive revision suggests enhanced stability and improved future earning potential as perceived by the rating agency.
This information is provided for the kind information and records of the Stock Exchanges, adhering to mandatory disclosure requirements.
Source: BSE
