Bajaj Electricals Limited has received a credit rating update from CRISIL Ratings. The agency has reaffirmed the company’s long-term bank loan facilities of Rs. 1,400 crore at CRISIL AA-/Stable and short-term facilities at CRISIL A1+. Additionally, following a request from the company, CRISIL has formally withdrawn its CRISIL A1+ rating assigned to bank-wise loan facilities amounting to Rs. 600 crore.
Credit Rating Reaffirmation
On April 23, 2026, CRISIL Ratings completed a review of the bank facilities held by Bajaj Electricals Limited. As a result of this assessment, the rating agency has maintained its existing credit outlook for the company’s primary debt facilities. The long-term rating remains CRISIL AA-/Stable, while the short-term rating for the Rs. 1,400 crore facility is maintained at CRISIL A1+, reflecting the company’s sustained creditworthiness.
Strategic Facility Withdrawal
In a separate communication dated April 23, 2026, CRISIL announced the withdrawal of the CRISIL A1+ rating for specific bank-wise loan facilities totaling Rs. 600 crore. This action was taken at the explicit request of Bajaj Electricals Limited. This adjustment aligns the company’s rated credit portfolio with its current operational and banking requirements.
Breakdown of Outstanding Facilities
The company maintains a diverse range of fund-based and non-fund-based facilities with various financial institutions, including State Bank of India, HDFC Bank, ICICI Bank, and YES Bank, among others. These facilities support the company’s ongoing business operations and financial obligations as it moves through the current fiscal year.
Source: BSE
