Bharat Forge announced that ICRA has revised the credit rating of the company as follows:
Long term rating fund based facilities - ICRA AA+; Stable (reaffirmed)
Non convertible debentures of Rs 500 crore - ICRA AA+; Stable (reaffirmed)
Non convertible debentures of Rs 200 crore (proposed) - ICRA AA+; Stable (reaffirmed)
Issuer Rating - ICRA AA+; Stable (reaffirmed)
Short term rating non fund based facilities - ICRA A1+
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