Credit rating agency, ICRA has upgraded the rating of Bharat Forge’s Non-convertible Debentures (NCDs) of Rs 176 crore, Rs 250 crore and Rs 350 crore from ‘AA-‘ to ‘AA’. The outlook on the long term rating is stable.
Bharat Forge engages in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.
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