ICRA Limited has downgraded the rating of Bajaj Electricals� Non-Convertible Debenture (NCD) programme from [ICRA] A+ to [ICRA] A with negative outlook.
Bajaj Electricals Ltd has informed BSE that the Company has received on February 28, 2015 a letter dated February 24, 2015 from ICRA Limited ('Rating Agency') communicating that it has downgraded the rating of Company's Non-Convertible Debenture (NCD) programme from [ICRA] A+ (pronounced ICRA A plus) to [ICRA] A (pronounced ICRA A) with negative outlook.Source : BSE
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