Bharat Electronics Limited Receives Reaffirmed AAA Credit Rating from ICRA
Bengaluru, February 20, 2026: Bharat Electronics Limited (BEL), a Government of India enterprise under the Ministry of Defence, has received reaffirmation of its highest credit ratings from ICRA Limited.
The company informed the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that ICRA has reaffirmed its existing credit ratings across long-term and short-term borrowing facilities.
Reaffirmed Ratings
According to the intimation dated February 20, 2026, the following ratings have been reaffirmed:
-
Long-Term Fund Based Limits (₹500 crore): [ICRA]AAA (Stable) – Reaffirmed
-
Long-Term Unallocated Limits (₹300 crore): [ICRA]AAA (Stable) – Reaffirmed
-
Short-Term Non-Fund Based Limits (₹6,500 crore): [ICRA]A1+ – Reaffirmed
The total rated amount stands at ₹7,300 crore.
The rating letter issued by ICRA Limited dated February 20, 2026, has been enclosed with the filing for reference and record.
Significance of the Rating
The [ICRA]AAA rating represents the highest degree of safety regarding timely servicing of financial obligations, while [ICRA]A1+ indicates a very strong degree of safety for short-term debt instruments.
BEL is listed on the National Stock Exchange of India Limited (Symbol: BEL) and BSE Limited (Scrip Code: 500049). The company is headquartered in Bengaluru, Karnataka.
The reaffirmation reflects continued confidence in the company’s credit profile.