Bharat Electronics Limited (BEL) has received a reaffirmation of its credit ratings from ICRA Limited, underlining the company’s strong financial stability and credit profile. The agency has reaffirmed the [ICRA]AAA (Stable) rating for BEL’s long-term facilities amounting to Rs. 800.00 crore and the [ICRA]A1+ rating for short-term limits of Rs. 6,500.00 crore. The combined facilities covered under the rating exercise total Rs. 7,300.00 crore.
BEL informed the stock exchanges of this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reaffirmation reflects the company’s robust financial position and creditworthiness as a Government of India enterprise operating under the Ministry of Defence.
The rating details indicate that ICRA Limited has reaffirmed the [ICRA]AAA (Stable) rating for long-term fund-based limits of Rs. 500.00 crore and long-term unallocated limits of Rs. 300.00 crore. Additionally, the [ICRA]A1+ rating has been reaffirmed for short-term non-fund-based limits of Rs. 6,500.00 crore. Together, these facilities aggregate to Rs. 7,300.00 crore.
The [ICRA]AAA rating denotes the highest degree of safety regarding the timely servicing of financial obligations, while the ‘Stable’ outlook suggests that the rating is unlikely to change in the near term. For short-term instruments, the [ICRA]A1+ rating represents the highest level of credit quality, indicating a very strong capacity for the timely payment of financial commitments.
BEL stated that the rating letter from ICRA Limited was received on February 20, 2026. The company promptly disclosed the information to both the National Stock Exchange of India Limited (NSE) and BSE Limited on the same day, fulfilling its regulatory disclosure requirements.
Bharat Electronics Limited is a Government of India enterprise under the Ministry of Defence. The company is headquartered in Bangalore, with its registered office located at Outer Ring Road, Nagavara, Bangalore.
