Bajaj Electricals announced that ICRA has downgraded the credit ratings of the company as follows -
Line of credit (long term) - From [ICRA]A+ to [ICRA]A Line of credit (short term) - From [ICRA]A1+ to [ICRA]A1 Commercial paper - From [ICRA]A1+ to [ICRA]A1 NCDs - From [ICRA]A+ to [ICRA]A NCDs - From [ICRA]A+ to [ICRA]A
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