HGIEL financial discipline and prudence is reflected in the credit rating ascribed by rating agencies. The Table below depicts the Credit Rating profile:
| Instrument | Rating Action |
|---|---|
| Long-term – Fund-based - Cash credit | [ICRA]AA- (Stable); Reaffirmed and outlook revised to stable from positive |
| Long-term/Short-term – Non-fund based – Bank Guarantee | [ICRA]AA- (Stable)/ [ICRA]A1+; Reaffirmed and outlook revised to stable from positive |
| Non-Convertible Debentures | [ICRA]AA- (Stable); Reaffirmed and outlook revised to stable from positive |
| Total |