Bharat Electronics Limited (BEL) has received an update on its credit profile from ICRA Limited, effective February 20, 2026. The agency reaffirmed the highest ratings for the company’s core financial facilities. Long-term, fund-based limits totaling ₹800 crore and unallocated limits of ₹300 crore were reaffirmed at [ICRA]AAA (Stable). Short-term non-fund-based limits of ₹6,500 crore retained the [ICRA]A1+ rating.
Credit Rating Reaffirmation Announcement
Bharat Electronics Limited (BEL), a Government of India enterprise under the Ministry of Defence, has officially intimated the credit ratings received from ICRA Limited on February 20, 2026. This intimation is made pursuant to regulatory requirements for listed entities.
Summary of Reaffirmed Credit Ratings
The ratings reflect the strong financial standing and stability of BEL across its various credit facilities. The total value across all rated instruments stands at ₹7,300.00 Crore.
Long-Term Facilities Rating
The ratings for BEL’s long-term facilities have been reaffirmed at the highest level:
- Fund Based Limits: Amounting to ₹500.00 Crore received a reaffirmation of [ICRA]AAA (Stable).
- Unallocated Limits: Amounting to ₹300.00 Crore also received a reaffirmation of [ICRA]AAA (Stable).
Short-Term Facility Rating
For its short-term requirements, the rating remains exceptionally strong:
- Non-Fund Based Limits: Valued at ₹6,500.00 Crore, this facility was reaffirmed with a rating of [ICRA]A1+.
The rating letter from ICRA Limited dated 20.02.2026 is enclosed for the records of the exchanges.
Source: BSE
