BHEL Share Price: Crisil downgrades stock rating on long-term bank facilities
Crisil has downgraded the rating on long-term bank facilities of state-owned engineering major Bharat Heavy Electricals Ltd (BHEL) from AA/negative to AA-minus/negative.
Crisil said the negative outlook factors in the likelihood that profitability may remain under pressure in the current financial year (FY22) amid ongoing Covid-19 pandemic, further weakening its credit risk profile.