CARE Ratings upgrades HAL’s long-term ratings

From Our Special Correspondent

Daijiworld Media Network

Bengaluru, Sept 16: The CARE Ratings Limited has upgraded the HAL’s present Long Term ratings from ‘CARE AA+ Outlook Stable’ to ‘CARE ‘AAA Outlook Stable’. 

However, HAL’s short term rating has remained the same as A1+. This is done on the basis of recent developments including operational and financial performance of HAL for FY 2021 (Audited) and Q1 FY22 (Unaudited).

The financial year 2020-21 was significant for HAL in terms of securing the largest ever defence contract of 83 LCA MK-IA for the Indian Air Force. This helped the company surpass the order book position in excess of Rs. 80,000 crore. 

HAL has taken various cost cutting and austerity measures that include indigenization of various components, increasing outsourcing efforts and rationalization of manpower.



Top Stories

Leave a Comment

Title: CARE Ratings upgrades HAL’s long-term ratings

You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.

Security Validation

Enter the characters in the image